“Super-rich pay relatively much less taxes than their fellow citizens, but the super-rowment is almost always linked to the company” | EUROtoday

LA TAX ZUCMAN brings the standard right-left divide into the controversy across the taxation of heritage. This cleavage opposed us. But we have now at all times appeared, after we had been respectively president and normal rapporteur of the finance committee of the National Assembly, to permit knowledgeable selections on the idea of exact information that governments have typically refused us. It is that this identical spirit that brings us at this time to this frequent gallery.

Throughout the historical past of heritage tax, first tax on giant fortunes (IGF) Then Solidarity Tax on Fortune (ISF) and at this time property fortune tax (IFI), two ideas have been drawn: don’t tax the skilled software and calibrate the tax fee in order that it may be paid by heritage earnings with out the latter having to be liquidated.

Thus, barely the IGF created in 1982, the exemption from skilled belongings was imposed, with out nonetheless that its delimitation was clearly determined. In 1988, the ISF was restored by Michel Rocard, Socialist Prime Minister, and he established a cap which supplies that the entire of the ISF, earnings tax and generalized social contribution (CSG) couldn’t exceed 50 % of annual private earnings. Then arises the query of the perimeter of non-public earnings: how you can establish it when enterprise holders can handle it as they please? Faced with the tax optimizations which had been fast, the “cap of the cap” was established in 1995 and maintained by Philippe Seguin, then president of the National Assembly, belonging to the republican proper, regardless of the pressures.

Apparent contradictions

From 2003, the perimeter of the exempt skilled asset is prolonged with the Dutreil pact, designed to protect the integrity of the capital of household heritage firms, particularly intermediate -size firms. Through commitments to conservation of securities of no less than six years, household shareholders, increasingly quite a few over the generations, profit from an exemption of 75 % of their belongings. But there too, the tax optimization assemblies have multiplied, with the difficulties for the tax administration in defining the animators who carry the titles.

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