Amélie de Montchalin believes that the taxes on the richest voted up to now “would represent more than the ISF before 2017” | EUROtoday

During the debates within the Assembly on the draft finance legal guidelines, the president of the finance committee, Eric Coquerel, requested Monday the Minister of Public Accounts, Amélie de Montchalin, how a lot Bercy estimated the return on the measures taken because the begin of the debates on probably the most lucky.

The minister detailed the federal government’s estimates for a number of measures.

➡️The extension of the differential contribution on larger incomes (CDHR), setting a minimal tax charge of 20% for households whose earnings exceeds 250,000 euros, till the deficit falls beneath 3%, ought to usher in 1.5 billion euros in 2026, in line with the federal government.

➡️The tax on holding corporations (a instrument typically utilized by the ultra-rich to keep away from taxes) proposed by the federal government was adopted in a watered-down model. The proper has succeeded in limiting the variety of holding corporations focused in addition to the bottom, by exactly itemizing the sumptuary properties involved. Its new yield is estimated at “a few hundred million euros, between 100 million and 200 million”specified the minister.

➡️An modification adopted to article 150-0 B ter of the final tax code –⁠ “150-0 B ter” –, which offers with the contribution-transfer regime and goals to encourage the enterprise supervisor or entrepreneur to reinvest in France by exempting from tax the complete capital acquire linked to the sale of the corporate’s securities, modifies the circumstances of this exemption. This would require 80% of the proceeds from the sale to be reinvested within the so-called productive financial system throughout the following 5 years. The yield is estimated at “a few hundred million euros”in line with M^me of Montchalin.

➡️ MPs voted in favor of reworking the actual property wealth tax (IFI) into an unproductive wealth tax, which broadens the tax base whereas modifying the size and creating a discount on the primary or sole residence. On Monday, the minister estimated the price of this measure at 500 million euros.

➡️ The progressive scale of the IFI has, furthermore, been changed by a single charge of 1% (in comparison with 0.5% to 1.5% at the moment). The tax fee threshold is maintained at 1.3 million euros below a socialist sub-amendment, whereas MP Mattei supposed to boost it to 2 million. The minister argued on Monday “expected yield of the IFI in 2026 of 3.1 billion”.

“If we take the package of measures that are currently planned in the 2026 budget, we add it up and we can clearly see that it is higher than the return on what the ISF was in 2017”which was 5.1 billion euros, concluded the minister.