Minister Eric Lombard beneath strain earlier than his listening to within the meeting | EUROtoday

If the “cumcum” was a sequence, that season can be referred to as “July or the hour of truth”. For months, the Senate has been working to rid France of this fraud permitting international shareholders of French corporations to bypass dividends tax, which prices between 1.5 billion and three billion euros per 12 months to public funds.

The excessive meeting thought its objective reached in February with an efficient legislation, handed in each chambers by elected officers of all stripes. But as quickly as adopted, the textual content was weakened by a tax investigation by Bercy revealed beneath strain from the banking foyer, which excluded from the legislation of the legislation a big a part of the operations involved, intervening on the so -called “regulated” markets.

Furious to have been confiscated his legislative energy, the Senate launched all its power within the battle. A letter within the type of Ultimatum, dated June 23, landed on the workplace of the Minister of Economy and Finance, Eric Lombard, signed by the overall rapporteur of the price range, Jean-François Husson (Les Républicains), and the president of the finance committee, Claude Raynal (Socialist Party), to ask him to ask him to ask him “Guarantee effectiveness” of the legislation by eradicating his textual content.

A sequence that appears tense

Tuesday, July 8, it’s the flip of the National Assembly to enter the sport in help of the senators, with the listening to of Minister Eric Lombard after which leaders of the French Banking Federation (FBF). The skilled physique of banks at all times refuses to confess the existence of huge fraud to the “cumcum”, regardless of the quite a few surveys of the tax authorities and the nationwide monetary prosecutor’s workplace focusing on the banks that have interaction in these practices for his or her prospects, by remunerating in passing.

If the sequence guarantees to be tense, it’s as a result of the sport switched on June 19, the day of shock management “On site and on parts” Launched by the overall rapporteur of the price range on the coronary heart of the Bercy fortress. While, to this point, the ministry and the FBF have been in a position to depend on negotiations performed within the secrecy of ministerial companies to problem any collusion, the Parliament now has within the arms of proof testifying to 2 main info: on the one hand, banks have certainly led a relentless foyer to Bercy since 2018 to forestall the Parliament from legislating; on the opposite, the ministry ended up giving in to the arguments of the banking foyer, towards the very recommendation of his administration which had really useful “Do not go against the will of the legislator”.

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