Tax share buybacks, reverse tax cuts, eliminate contribution reductions… Bruno Le Maire wanted to clarify the government’s position in the face of the business world’s concerns about the 2024 finance bill.
Bruno Le Maire, who mentioned the two million jobs created since the last five years, of which 100,000 in industry, has no intention of modifying the software, but may possibly propose a small update. And this on several topics.
First in the share buyback. In the opinion of the majority since the statements of the Head of State last March, this practice could be regulated a little more.
This obligation would only affect a handful of very large companies, which are the only ones that have massive share buyback policies.
Eliminate contribution reductions? One option
Another adjustment planned by Bruno Le Maire refers to reductions in company contributions. A parliamentary report prepared in September by deputies Marc Ferracci (Renaissance) and Jérôme Guedj (PS) recommends eliminating the “family bandeau”, exemptions from family contributions for salaries reaching 3.5 SMIC.
The project is currently being studied in Bercy, where we still aim to save one billion euros in the future budget, while the reductions in burdens have increased mechanically with the increase in the minimum wage and low wages.
The same goes for the Research Tax Credit. There is no question of reversing this favorable measure for companies, whose cost is around 7 billion euros per year, but the adjustments could be the subject of arbitration in the coming days.
Finally, Bruno Le Maire wants to remind companies and employers’ organizations that criticize the pace of elimination of certain taxes that they will not be badly off in the future Finance bill.
Source: BFM TV
