Bill supplementary budget for 2014 introduced a 20% increase in council tax in tense areas, such as Paris, on furnished apartments that are not a primary residence.
This increase can also be applied by local authorities wishing to other areas, and its product, estimated by the Ministry of Finance to 150 million euros, is paid to the municipal budget, which may choose not to apply it.
In the law Alur 28 agglomerations of more than 50,000 are considered missing of rental housing. Among them, Paris, Bordeaux, Lyon, Lille, Marseille, Nice, Toulouse but Bastia, Ajaccio, Toulon and Draguignan.
Tax increases for banks
amending budget for 2014 also includes other new measures that have the effect of driving from 2015 an increase in corporation tax for banks and insurers, in the form of non-deductibility of certain taxes.
These measures had already been mentioned, but without going into detail by the Finance Minister Michel Sapin October 27, when he announced revisions to figures related to the environment as well as “new measures” all to reduce the public deficit of 3.6 billion euros in 2015.
He estimated the gain for the state of these measures for companies with more than 500 million euros for the single years 2015
These detailed in the second bill supplementary budget for 2014 steps. – the first was presented this summer – are under the Department of Finance report “1.5 billion euros in the 2015-2017 triennial. “
Will it become as non tax deductible corporate tax systemic risk (TRS) paid by the banking sector and the contribution to the Fund resolution Single European (FRU) that is brought to gradually replace them, the ministry of Finance. Fund only resolution will be implemented in 2016 for all members of the European Union participating in the banking Union.
“The TRS has been established for the banking sector in the cost of the financial crisis and the contribution to the FRU with insurance-oriented, it would not be right that the community should bear the burden partially, through a reduction in the taxable income of the banking sector, “said the Ministry of Finance.
6.1 billion missing The government also officially recorded in this bill slippage in the deficit of the state: it will reach EUR 88.2 billion at the end of 2014, 4.3 billion more than what was expected this summer.
This excess is due to the “macroeconomic environment that weighs consistently on tax revenue in the general budget, “says the Department of Finance in its press release.
The small business growth has indeed resulted in less revenue than expected in tax corporate, VAT and taxation of financial products individuals.
Compared to the first’s expectation Amending Finance Act, passed in late July, it was 6.1 billion euros Public revenues are missing.
On the expenditure side, Bercy also found overruns of about 2.1 billion euros, mainly due to the cost of military operations in the abroad, personnel costs and arrangements (RSA, state medical aid, etc.).
But the ministry ensures that these exceedances will be offset by EUR 1.8 billion to Cancellations other departmental appropriations. precautionary reserves – credits frozen earlier this year – will be involved
In total, “we want the expense and we carry out the 3 billion USD lower state credits between 2013 and 2014, “said Christian Eckert, Secretary of State Budget, in a statement to AFP.
Bercy also left unchanged its forecast public deficit – which engloble that of the State, social protection and local authorities – made in early September, and already included the deteriorating economic environment. It is expected to be 4.4% of GDP this year from 4.1% in 2013, and then flow back slightly to 4.3% in 2015.
(With AFP)
The government also officially recorded in this bill slippage in the deficit of the state: it will reach EUR 88.2 billion at the end of 2014, 4.3 billion more than what was expected this summer.
This excess is due to the “macroeconomic environment that weighs consistently on tax revenue in the general budget, “says the Department of Finance in its press release.
The small business growth has indeed resulted in less revenue than expected in tax corporate, VAT and taxation of financial products individuals.
Compared to the first’s expectation Amending Finance Act, passed in late July, it was 6.1 billion euros Public revenues are missing.
On the expenditure side, Bercy also found overruns of about 2.1 billion euros, mainly due to the cost of military operations in the abroad, personnel costs and arrangements (RSA, state medical aid, etc.).
But the ministry ensures that these exceedances will be offset by EUR 1.8 billion to Cancellations other departmental appropriations. precautionary reserves – credits frozen earlier this year – will be involved
In total, “we want the expense and we carry out the 3 billion USD lower state credits between 2013 and 2014, “said Christian Eckert, Secretary of State Budget, in a statement to AFP.
Bercy also left unchanged its forecast public deficit – which engloble that of the State, social protection and local authorities – made in early September, and already included the deteriorating economic environment. It is expected to be 4.4% of GDP this year from 4.1% in 2013, and then flow back slightly to 4.3% in 2015.
(With AFP)
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