France is returning to a “heirs of heirs”, worries the economic analysis board. An unusual subject although this taxation takes advantage of the most affluent 0.1%, consumers of exemption devices, raises the study.
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Difficult to imagine more unpopular subject than the taxation of the inheritance. Difficult, however, to imagine more consensual subject among economists, both the legacy has become a determining factor in the concentration of heritage since the early 1970s, in France as elsewhere in the West.
In the wake of the CVIV-19 crisis, some states, widening months of budget support to their economies, have considered weighing the taxation of successions, such as the United States, before doing rear machine facing to the hostility triggered by such a measure. In France, this hot subject has not really emerged in the countryside, even if it already clives the candidates. The right and the far right propose to lighten the taxation on the estate – Marine Le Pen and Valérie Pécresse want to discuss donations more regularly, Eric Zemmour wants to exonerate the transmissions of family business – while on the left, the candidate of France Insouchaise, Jean-Luc Mélenchon, proposes to cap the amounts inherited to 12 million euros.
A “Hériers company”
However, many works, in recent months, advocated a reform of the taxation of the successions, such as the Blanchard-Tirole report, commanded by the Elysee in 2020, as well as a study of The organization of economic cooperation and development in May, which saw a track to reconstruct the revenues of the states after the health crisis. A new note published Tuesday, December 21 by the Economic Analysis Board, a body attached to Matignon, aims in turn to put the subject on the front of the stage in the hex. His conclusions are without appeal: For his authors, France is becoming backwards the “heirs’ society” that she was before the First World War. And the sociofiscal system, which corrects the inequalities of income, is much less effective in heritage inequalities.
The wealth concentration phenomenon has been particularly accelerated over the last thirty years, notes the study. The share of the richest 1% in total heritage increased from 15% to 25% between 1985 and 2015, and the inherited assets now represents 60%, against 35% in the early 1970s. The average legacy of the 0.1% The richest represents 180 times the median heritage in France, which amounts to 70,000 euros, indicates an annex of the note. “This gap is not observed when we look at work income,” says Economist Camille Landais, one of the authors, with Clement DHERBECOURT, Gabrielle FACK and Stéfanie Stantcheva. The ratio between the income of the median labor and that of the 0.1% the highest paid scarcely exceeds 10. In fact, the top 0.1% is no longer accessible if we did not inherited. “
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