Taxes: the battle of presidential programs

For households, the proposals of the candidate of the National Rally are already well known: Marine Le Pen wants above all to lower indirect taxes, namely VAT. By increasing it to 5.5% on what it calls energy products: fuel oil, fuel, electricity, gas. Except that this presupposes prior negotiation with the other countries of the European Union, which Marine Le Pen does not intend to do.

According to those around her, the National Rally candidate first wants to lower the VAT, then negotiate, noting in passing that Poland has taken a similar, albeit temporary, measure on fuel. Marine Le Pen also wants to completely exempt from VAT what she calls a hundred basic necessities, which is prohibited by European texts.

Another shock measure of the candidate of the National Rally, completely exempt from income tax those under 30, to encourage them to stay in France, according to Marine Le Pen. This measure has a good chance of being rejected by the Constitutional Council. Why would a young soccer player who earns millions not pay income tax while a modest employee over 30 would be taxed? Marine Le Pen also wants to exclude the principal residence from the taxation of the IFI (the real estate wealth tax) by replacing it with what she calls the financial wealth tax.

There are even similar measures in the programs of the two candidates. The abolition of the audiovisual royalty, as well as the reduction of taxation on the transmission of heritage within the same family. Gift and inheritance tax.

For Emmanuel Macron, the tax reduction for households stops there, after a first mandate marked by the abolition of the housing tax, the wealth tax, replaced by the IFI, without forgetting the introduction of a single flat-rate levy on capital income.

The two candidates provide for a reduction in so-called “production” taxes, of the same order for companies: 10 billion euros per year. The candidate of the National Rally wants, for her part, to exempt entrepreneurs under 30 from corporate tax for the first five years. Note that neither of the two presidential candidates is planning a tax increase, neither on households nor on businesses.

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