The rumors of the last few days have many taxpayers trembling.
This is the earthquake of the week. “Michel Barnier plans to increase taxes”: the article published by The Parisian had the effect of a bomb. Emmanuel Macron’s scarlet red line since his arrival at the Elysée, the option of increasing the tax burden envisaged by the new Prime Minister has had a national impact. However, no official communication has yet been made on the subject. It would only be “hearsay”.
However, to several interlocutors, the head of the future government is said to have slipped in some avenues for reflection. For the majority of French people, whoever says tax increase means paying more to the tax authorities when declaring their income. However, this is not quite the plan.
While many voices have been raised to criticize the idea put forward by Michel Barnier, the latter’s exact ambition is “to move in the direction of greater tax justice.” Understand: not everyone will be affected by the possible upcoming increase. The Prime Minister already has targets in mind.
According to rumors that have been circulating for several days, the poorest households and the middle class would not have to pay more income tax. It is high incomes that would be in Matignon’s sights. According to a study of the Research Center for the Study and Observation of Living Conditions (Credoc), this class concerns people who earn, individually, 4050 euros net per month and more. If this threshold is retained, 90% of the population will therefore not have to pay more tax. 36 million French people – number of tax households below this income – would thus be exempted from putting their hands in their pockets a little more.
At the same time, avenues for taxing the richest (a return of the ISF with its threshold at €1,300,000?) and increasing taxes on large companies – not SMEs (less than 250 employees and maximum turnover of €50 million per year) – also seem to be considered. In short, the vast majority of French people do not have to worry about a project that is in its more than embryonic state. Unless an increase in VAT is put on the table… This would then be one of the projects of the new Minister of the Economy Antoine Armand.