Court of Auditors Suggests "Moderate but Progressive" Taxation of Large Assets
16 Articles
16 Articles
In order to clean up public finances, the Court of Auditors puts on the table a sensitive track: to tax the highest assets more. The institution also proposes 20 billion euros of savings on the payroll of the civil service in three years.
While the left calls for the introduction of a Zucman tax, the Court does not go so far, but advocates in particular "moderate but progressive taxation of personal wealth, excluding professional assets".
In a note issued on Monday, 21 September, the body headed by former macro-minister Amélie de Montchalin, responsible for ensuring the proper conduct of public accounts, referred to two avenues of reflection with a view to reducing the government deficit to 3% of GDP by 2029.
The Court of Auditors proposes a reform of the taxation of assets combining relief of certain levies and greater taxation of the highest assets, a very political subject
In a new note, the institution advocates, for reasons of fairness, the creation of a tax on personal wealth and again calls for a reduction in the tax advantages of the Dutreil pact. Two avenues ruled out at this stage by the Prime Minister, Sébastien Lecornu, before the examination of the budget in Parliament.
Le Télégramme
The Court of Auditors proposes a "moderate but progressive" taxation of the largest assets, in order to reform a system deemed complex and degressive.
Coverage Details
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
