The Impact France entrepreneur movement wants to see the single rate of 25% of corporate tax (IS) modulated, estimating that taxing profits reinvested in the company or distributed to employees at 20% and those going to tax at 30% to shareholders, would be “a strong symbol”.
This proposal is part of the amendments to the finance bill (PLF) for 2024, proposed by the movement which brings together 15,000 managers committed to improving the social and ecological impact of their company.
Impact France observes that almost half of the 152 billion euros in profits made in 2022 by CAC 40 companies went to shareholders and share buybacks rather than to the company and employees.
Initially, the proposed modulation would be zero sum, because we would modify neither the total amount of IS collected, nor its average rate of 25%, assured Tuesday to the press Pascal Demurger, general director of Maif and co-president of Impact France.
The movement, which is holding meetings with the government before the discussion of the PLF from October 17, wants greater use of behavioral taxation vis-à-vis businesses.
Mr. Demurger admitted to expecting reluctance from the government on this measure. But he is hopeful of convincing another proposal, which is also budgetarily neutral.
As the government will eliminate the CVAE, a production tax, in four installments of one billion euros by 2027, Impact France proposes to reserve the first billion reduction, next year, only for companies respecting the obligation to publish a BEGES (report of greenhouse gas emissions) and a trajectory for reducing emissions.
Only companies with fewer than 500 employees, which are not subject to this publication, would therefore benefit, and the 43% of companies with more than 500 employees who comply with it. Others would not be entitled to it.
For Mr. Demurger, these easy-to-implement proposals are not the big nightrather small steps in the right direction, with real symbolic ruptures.
Impact France also proposes to subordinate the granting of the Research Tax Credit (CIR) and aid from Bpifrance to companies with more than 500 employees publishing their BEGES and their trajectory.