the socialists fail to get the National Assembly to undertake a brand new wealth tax | EUROtoday

The National Assembly rejected Thursday, January 15, throughout the brand new studying of the draft price range, the Socialists’ proposal to implement a brand new model of the wealth tax. The PS deputies hoped with this measure 5 billion euros in income.

An modification from Philippe Brun (PS, Eure), aiming to broaden the bottom of the actual property wealth tax (IFI) by integrating “so-called non-professional financial wealth”in response to the explanatory memorandum, was largely rejected, with 41 votes in favor (together with 40 from the left) and 98 in opposition to. The presidential camp and the National Rally opposed this measure.

“I note with sadness that the taxation of the richest is decreasing dramatically and that a majority of this chamber is complicit in it”lamented MP Emmanuel Maurel, member of the GDR group (communist and abroad deputies), on Thursday.

The modification, adopted within the Finance Committee final week, obtained an unfavorable opinion from the federal government, opposed particularly to the mixing of life insurance coverage inside the scope of the IFI, on the threat of weakening the long-term financing of corporations and public financing.

At first studying, a type of ISF was voted for by the deputies, in some confusion, due to a handy alliance between the PS, the MoDem and the National Rally, based mostly on an modification from Jean-Paul Mattei (MoDem). This time, the RN voted in opposition to, criticizing the model proposed by Mr. Brun for not taking the primary or sole residence out of the equation.

Ultimately, the deputies eliminated the modifications made by the senators to the present IFI, as really useful by the Minister of Action and Public Accounts, Amélie de Montchalin, stressing that they’d result in a discount in its efficiency.