france unveils austerity budget with new taxes and pension adjustments for 2025

France's 2025 Finance Bill, introduced by Prime Minister Michel Barnier, aims to address the country's mounting debt and projected deficit.

Proposed Measures

The proposed measures include savings of 60 billion euros and new taxes targeting wealthier individuals and corporations.

The income tax scale will be adjusted to inflation, with lower-income households benefiting from reduced tax burdens.

Solidarity Tax and Exceptional Contribution

The government plans to increase the solidarity tax on airline tickets and introduce an "exceptional contribution" for the wealthiest tax households.

Support for Farmers and Health Budgets

Support for farmers and health budgets will be maintained and expanded, with provisions for aid schemes and co-financing of agricultural initiatives.

Increased Budgets for Army and Health Services

The government also plans to increase budgets for the Army and health services, particularly mental health services.

Pension Reforms and Corporate Taxation

Pension reforms will involve a six-month delay in pension increases, while corporate taxation will be adjusted to include an "exceptional supplement" on profits for large companies.

Housing Crisis

The government is considering extending the zero-rate loan scheme for first-time homebuyers and eliminating tax advantages for furnished rentals to address the housing crisis.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings