Posted Oct 20, 2022 12:21 PMUpdated on Oct 20, 2022 at 2:11 PM
The deputies did not vote for the restoration of the wealth tax (ISF) during the budget review which ended on Wednesday with the triggering of Article 49.3. But, after the “superdividends”, the ISF fed fiery debates on the contribution of the rich in this period when inflation is eating away at the purchasing power of the French. It is in this context that appears the fourth edition of the Committee for the evaluation of the reform of the taxation of capital, placed under the leadership of France Strategy, a think tank attached to Matignon.
For the record, this committee was set up following the emblematic reform of the first five-year period, which replaced the solidarity tax on wealth (ISF) with the tax on real estate wealth (IFI) and created a single flat-rate levy (PFU or “flat tax”) of 30% on capital income (rather than a tax on the progressive scale). Emmanuel Macron had undertaken to correct the situation according to the assessments which would be made.