At a month of the presidential election, the candidate of France unsuitable must present on Friday the major tax measures of his project, before detailing the encryption of his program on Saturday.
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More than 150 billion euros of tax revenues, reform of the income tax scales, recovery of the wealth tax … A month of the first round of the presidential election, the candidate of the France Insouchaise (LFI), Jean-Luc Mélenchon, must present Friday, March 11 the major tax measures of his project, before detailing the encryption of his program on Saturday.
It means demonstrating the credibility and seriousness of its proposals, while several polls published in recent days show it in the third man, behind Emmannual Macron, Marine Le Pen, but in front of Eric Zemmour, Valérie Pécresse and all the other contenders on the left.
To try to make the difference in the last straight line, Mr. Mélenchon proposes nothing less than a “tax revolution”, which aims in particular to “make tax more right”, According to the echos, which could consult its final tax project. The “Insush” candidate plans to restore the tax on fortune deleted in 2017 by Emmanuel Macron and wishes to modify the income tax schedule to make it more progressive, cutting it in fourteen tranches – against five currently. In particular, it aims to set a 90% rate for the highest tranche, from 400,000 euros per year.
However, the measure remains suspended from possible constitutional reform, otherwise it could be retortable, because judged Conciscatory. Beyond this measure, this income tax reform will allow “91% of French” to pay less income taxes, estimates the European MP LFI Manon Aubry.
Another measure of this tax project: a decrease in VAT for 5.5% 5.5% products financed by a “Luxury VAT” on products such as yachts or luxury cars.
Tax the “exceptional” benefits
In particular, he heritage, Mr. Mélenchon wants to reform the inheritance fee with a maximum heritage set at 12 million euros. And the deduction on the principal residence “would no longer be 20% of the value of the property but of 120,000 euros,” according to the economic daily. The “insou” candidate also intends to review the calculation of the property tax for homeowners. While it is now calculated on the rental value of the property, Mr. Mélenchon proposes that the tax base takes into account the whole heritage of the owner, “including his other real estate and its net financial heritage” , according to the echos.
In addition to large incomes, large companies must also participate more on tax, according to the member’s program. It intends to put in place a tax of 50% on companies that made “exceptional” profits during the CVIV-19 crisis. “We will take the average level of profit over the last ten years and we will compare in the year 2021. A surcharge will be applied on the difference”, explains M me Aubry.