the minister of The economy argued that the restart was set to “progressive”. He also ruled out any return of ISF, deeming the measure “demagogic”.
the minister of The Economy wants to be careful. “The French economy restarts gently,” said Thursday on BFMTV Bruno Le Maire. “The recovery is gradual… I prefer a reboot-by-step burn the steps and risking the interruption”, said the minister faced the risk of a second wave epidemic.
It is”a crisis-violent, sustainable, the case of years, not months,” was still considered Bruno The Mayor, after a confinement which has been lost to the economy a third of its activity for two months. The minister stressed the importance of mobilizing for the recovery of the savings of the French, who have reduced their consumption. “This money is not to be taxed by the State, I want us to incitions to invest in the French economy so that it restarts”, stressed Bruno Le Maire.
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But he added that he does not think “that the reduction in VAT is a good measure for the sectors affected by the crisis or “the right solution for the French economy”. Often invoked as a means to boost consumption, it would cost in addition to “tens of billions of euros” to the public finances.
No recovery of ISF considered
Bruno The Mayor has also closed the door to a restoration of the tax on wealth (ISF), deleted in 2018 by the government, while ensuring that the latter would not return on the tax cuts decided since 2017. “It is very easy to restore the ISF. If I wanted to be popular, I’ll go tomorrow to announce (…) we’re going to get a ‘tax the rich’ and France will be better. But this is not true, it is a pure lie, this is pure demagogy: it has been done for years, it didn’t work, it has not enriched the France, not enhanced prosperity,” said minister of Economy and finance.
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In addition, “I do not believe that going back on the tax cuts that we have made would be a good choice, since on the contrary it gave results. The tax policy that we have conducted has made the country more attractive, has brought investments, has provided growth and prosperity,” he said. “There is a fight more difficult”, it is “taxation of the giants of the digital,” according to The Mayor, who had called last week the european Union to re-open this folder so that the work undertaken in the framework of the OECD “mark the land”.