The government is ready to accept amendments in the 2024 Finance Bill (PLF), intended to “move forward” on the subject of share buybacks by companies, Minister of Public Accounts Thomas Cazenave indicated on Wednesday.
All the political groups questioned me on the issue of share buybacks, that is to say when a company uses its profits to buy back its shares: this may be a common practice, but also sometimes a way of removing money. profit which could have been redistributed to employees, estimated the minister on Sud Radio.
So, I announced that we were ready to work with all the political forces who requested it so that, in the parliamentary debate, by amendment, we could move forward on this subject, declared Mr. Cazenave.
He was speaking the day after a new meeting of the Bercy Dialogues which brought together parliamentarians from all sides around budgetary issues.
Share buybacks are a way of remunerating shareholders because companies often destroy them after the buyback, which automatically increases the market value of the remaining shares. Some argue that this money could otherwise benefit employees or remain in the company’s capital.
Furthermore, the minister declared that a transpartisan working group would be created to study international personal taxation.
This is in the vein of the transposition into the PLF, for the first time, of the agreement reached with other OECD countries on a minimum tax of 15% on the profits of multinationals.
We are going to do the same thing for individuals: if deep down we think that on an international scale we must ensure that they are indeed liable for tax, no matter, I am ready to work on it, he said. said, without further details.
The minister also accepted, at the request of parliamentarians, to question the tax advantage granted to tourist rentals such as Airbnb to align it with the normal tax law for furniture.
Despite these areas of consensus, Mr. Cazenave recognizes that the government will not escape article 49.3 to pass the budget: I do not throw stones at the oppositions if they do not vote for the budget, he said.