This gradual disappearance in 2023 and 2024 will relieve public finances, said the Minister of Economy and Finance on Monday.
Anxious to relieve public finances hard hit by two years of Covid and inflation, Bercy is tempering on tax cuts. Invited on LCI, this Monday morning, the Minister of Economy and Finance, Bruno Le Maire, confirmed that the CVAE (contribution on the added value of companies) will be abolished not in one go, but twice, between 2023 and 2024.
During her general policy speech, Elisabeth Borne assured the deputies that she wanted to abolish this tax “from the 2023 finance law”, expected this fall. “We will remove the CVAE, because it is a production tax, but we will remove it twice, in 2023 and 2024“said the boss of Bercy. This trajectory must be included in the finance bill for 2023, and it must represent some four billion in tax cuts for companies from next year, he specified. This gradual disappearance should make it possible to find a balance and bring some air to businesses, as promised, while relieving public finances, which are already under great strain in a context of crushing inflation.
Promise of the candidate Emmanuel Macron, this abolition must relieve companies, reinforce the attractiveness of France and limit the tax pressure: the CVAE is indeed a local tax concerning companies whose turnover is greater than 500,000 euros. Its disappearance should make it possible to return some eight billion euros to companies, but local public actors, on the contrary, see it as a loss of revenue for their budgets as well as a weakening of their financial autonomy.
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