2023-09-26 01:53:30
While the financing of the ecological transition is stirring debates, a duo of majority-opposition deputies are proposing to finance it through “exceptional” and “temporary” taxation at European level on the assets of the richest taxpayers.
In a report on the taxation of assets, Jean-Paul Mattei, head of the MoDem deputies and part of the presidential camp in the Assembly, and Nicolas Sansu, communist deputy in the opposition, warn of “inequalities of assets” on the rise. For more than 20 years “.
“92% of the mass of gross wealth is held by the best-endowed half of households” and “the average inheritance of the 0.1% largest heirs” represents “around 180 times the median inheritance”, write the deputies in particular .
An observation which “directly calls into question our social pact”, believes Nicolas Sansu. This pushes “to question the current framework of heritage taxation”, particularly in the face of the challenge of “climate change”, underlines Jean-Paul Mattei.
In the vein of the Pisani-Ferry/Selma Mahfouz report, which recommends taxing the richest to finance the ecological transition, the two elected officials propose “exceptional and explicitly temporary levies” on the richest assets at European level.
27 propositions
“A levy of 5% spread over 30 years, based on the net financial assets of the 10% best endowed, would provide 150 billion euros,” write the deputies.
The two elected officials agreed on 26 other proposals. It’s not “a big tax evening”, insists Jean-Paul Mattei. But PCF deputies will “carry out” certain recommendations, particularly during debates on the budget, warns Nicolas Sansu.
They also recommend reviewing the allowances on real estate capital gains, by overhauling a system which provides exemptions after 22 and 30 years of ownership of the property, which according to them can lead to speculation and retention in a sector in crisis.
They advise indexing the threshold for liability to real estate wealth tax to inflation, and “capping the 30% reduction on the main residence”.
The report also proposes hindering certain tax exemption mechanisms for financial income by means of asset holding companies, revising upwards the taxation on life insurance transfers, or even “a moderate increase” of three points in the flat- tax, a single flat-rate levy on capital income.
The deputies will present their report to the Finance Committee on Tuesday, between Emmanuel Macron’s announcements this Monday on ecological planning, and the arrival in the Council of Ministers of the draft state budget on Wednesday.
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