Discussion Initiated on Mandatory Tax for High Earnings: Eric Lombard Sparks Controversy
Let the Cat and Mouse Game Continue: Bayrou's Shady Tax Tactics
By Xavier Martinage Published on
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A cunning game to outsmart the wealthy with taxations. In a sneaky move this week, François Bayrou, the shrewd politician, nudged the Socialist Party. In a secret missive, he promised to maintain the tax on high incomes, dubbed the CDHR, in the 2025 budget. However, he warned that a new, hammer-and-tong antifraud device was in the pipeline, slated for implementation latest by 2026.
The ulterior motive? A swift reassurance before the censure motion (a big fat no), and a cheeky attempt to buy more time. This cat-and-mouse game with Bayrou was never-ending. The feline of an economist was invited to BFMTV this Friday, and he pulled no punches. He brazenly declared that the tax on high incomes, touted to earn a whopping two billion euros, was 'temporarily' intact. But there was a silver lining, Eric Lombard, the Minister of Finance, hinted - an intelligent new tax system that would primarily target the supers Mars of France.
The Great Rich-Get-Rich-er Heist: IFI Wealth Tax Revisited? ## Clever tricks from the greedy government
You bet your bottom dollar they've got clever tricks up their sleeves. This fresh, "minimum" tax of 20% is aimed at high-earning singles with over 250k euros and couples making 500k annually. Hmm, doesn't this seem a tad familiar? Yes, it's a dressed-up version of the notorious wealth tax, ISF, but with a catch. Unlike the ISF that taxed wealth independently, this baby targets households whose taxable income exceeds the aforementioned thresholds.
The big question on everyone's lips? Has the French government gone mad? It appears they have indeed, because this tax provides a double whammy! Not only will it shore up the nation's finances, but it'll also increase the tax rate on income and capital gains, shooting up to an outrageous 40%. Could it be that this government is putting us behind the eight ball in the competition arena?
Is this a return of the ISF? Eric Lombard, the elusive Minister of Finance, vehemently denies this. He's on the search for "another solution." He wants to "open the debate" and ensure that every wealthy Frenchman pays a "sufficient duty to the nation's treasury." Will the opposition be pacified? Guess we'll just have to wait and see!
In light of the ongoing financial maneuvers, the question arises: "Is this a return of the ISF?" The new tax, targeting high-earning individuals and couples, bears a striking resemblance to the notorious wealth tax, but with a twist. The opposition remains uncertainty-laden, waiting to see if Eric Lombard's promised debate will result in a satisfactory solution for all parties involved, in the broader context of French business, politics, and general-news.
