deputies begin the last day of debates on the “revenue” part

A first cycle is about to end. On Monday, November 3, the deputies completed eight days of debate on the “revenue” part of the state budget, without any hope of voting on this first part on Tuesday as initially planned. It seems unlikely that the text will find a majority in the hemicycle. For this last day on “revenues”, discussions must focus on tax justice, with in particular amendments on the taxation of real estate capital gains, or inheritance taxes. Follow our live stream.

Rapporteur Philippe Juvin considers it “highly probable” that the Assembly will not be able to examine the text in its entirety. “A vote on the revenue part will perhaps take place, but not on the expenditure part”he estimated on Sunday on LCI. “I don’t really see how this part 1 could be voted on, because in fact it’s not going to satisfy anyone”he also said. In the event of rejection of the revenue part, the government will transmit the text to the Senate, which starts from the initial copy.

The Minister of the Economy, Roland Lescure, warns against “fiscal witchcraft”. He once again pleaded for “a budget of commitments” which reflects “a balance between budgetary seriousness and political stability” in the columns of La Tribune Sunday. “Everything is not acceptable”he warned. “To those who say, ‘We’re going to have 30 billion euros in magic revenue,’ I answer: ‘We’ll have 30 billion in magic trouble.'”

What have MPs adopted so far? They notably approved the tax exemption for overtime, modified the rate of a tax on Gafam and rejected the Zucman tax, as detailed by franceinfo. “I think we need to stop creating taxes.”launched Friday eveningthe Minister of Public Accounts, Amélie de Montchalin. “Today, if I count the measures on the tax on multinationals, on share buybacks, on the tax on super-dividends and all the amendments which have been voted on, the rate of compulsory deductions would reach at least (…) 45.1% of GDP, which is more than in 2013 when it was at 44.8%”she lashed out.