The increase should be close to 6 billion

Arrested in outline, the business tax reform was the subject this weekend, ultimate arbitrations before its official presentation to local elected officials and businesses, Wednesday. Considered by the Medef as "the most important of the quinquennium", it will be integrated into the law of finance 2010, for a phased until 2012. Three months of consultation were required to find a compromise between employers, who wants to minimize the number of losers, and local politicians, who seek full compensation from what was until then one of their main financial resources. In the end, the removal of the TP on the equipment and movable property (29 billion euros), translates device relatively complex, quite close to that proposed by Bercy in early April.

Smoothing threshold effects

The reform should be spread over three years, this will limit the net cost for public finances, estimated at 8 billion euros. The invoice will also be reduced via the increase of existing taxes. Thus, the contribution on added value (1.5), for today only establishments carrying out more than 7.6 million euros of turnover (i.e. 1.4 of settlements) will be extended.

The Government could propose three rates of taxation, an, on the basis of the turnover of the companies. A first threshold may distinguish, for example, companies performing more than 1 million euros of turnover and a second to EUR 5 million. In addition to a few billion decommitted, as will help smooth threshold effects. Unlike that wanted the Medef, it will be a few thousands of losers in services businesses, including. But those which had heavily benefited from the Elimination of the TP on wages in 1999. It could yield 5 billion euros next year.

1 Billion euros will be also identified companies earning more than the removal of the TP (EDF, France Telecom, SNCF, etc.), through the rehabilitation of pylons including tax. Term, companies must also expect higher prices of fossil fuels, to the title of CO emissions. The record of the carbon tax (read below) could even move from the end of the month, for a first application, necessarily gross in 2010. The final bill for the State will depend on the ultimate arbitrations.

Budgetary allocations identified

Side communities, the removal of the TP will be offset by the full transfer of four national taxes. In addition to the contribution value added, the additional tax on insurance agreements, of which a part is already in the departments (2.1 billion), will provide additional EUR 2.8 billion. The rights of transfer for value, including the municipalities and departments also receive a large share, will provide EUR 340 million and more.

The tax on the commercial surfaces, finally, will bring them some 700 million. Bercy waived, however, the massive transfer of internal tax on petroleum products, local elected officials are fiercely opposed to it. These fiscal resources are not sufficient to offset the 22 billion euros of tax collected by the communities, the State will also raise the level of the budget appropriations, which already reach EUR 14.6 billion all communities combined. The increase should be close to 6 billion.