This reform would ultimately make it possible to reduce employee contributions and production taxes, which are higher than the European average.
A fiscal big bang to meet the challenges of the 21st centurye century. In a note published by the Circle of economists ahead of the Aix-en-Provence meetings from July 8 to 10, Alain Trannoy proposes taxing land to reduce taxation on capital and labor which weighs very heavily on the economy. A potentially explosive reform that he thought up with Étienne Wasmer…
Read alsoLand, vines, forests… Atypical investments to reduce taxes
The starting point? France has a considerable land heritage valued at some 7,000 billion euros. However, the real estate market is experiencing major dysfunctions (high vacancy rate, substantial transfer rights, difficult access for young people to property, etc.) which limit its operation. These flaws are partly linked to real estate taxation which results in “discourage rental investment since it is the only taxed income, in favor of wait-and-see and speculative attitudes”says Alain Trannoy. In an attempt to counteract these effectsharmful“, the successive governments have not…
This article is for subscribers only. You have 70% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login