The Power of France thought about the introduction of tax breaks for pensioners to stimulate the economy and overcome Coronavirus at the expense of money accumulated by them. According to Bloomberg, the older generation people have accumulated over 100 billion euros (110 billion dollars).
according to the estimates of France Finance Minister Bruno Le Mayor, by the end of quarantine the amount of excess savings can translate for 200 billion euros. The agency notes that most of the state-allocated by the French during Lokdaunov, just asslaved in their wallets, and to restore the economy of the country it is necessary to stimulate expenses.
Now in France by law, parents can transfer 131,865 euros to their children who are not taxable for 15 years. For pensioners, non-cash transfers are actually limited to 63,730 euros every 15 years. The excess savings tax is not planned. “It would be deeply unfair at the time when people postpone money for unforeseen events during the crisis,” explained Le Mayor.
Earlier in March, the French authorities announced that the country was covered by the third wave of the epidemic. As a result, from March 20 in 16 departments, including the country’s capital, entered a full quarantine for four weeks. This applies to the departments in Il de France and O de France, as well as the seaside Alps, Primorskaya Sen and Er.
About the third wave of COVID-19 in Europe also spoke to the head of the European Commission of Ursula von der Lyien. According to her, the situation causes serious anxiety. “In many EU countries, the infection is growing up again,” she said.