sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department
 6 Tax changes you need to keep in mind while filing ITR for FY17-18 Income Tax Return efiling
 Income-tax (5th Amendment) Rules, 2018
 Last-minute tax tips for late filers
 What demonetisation did to tax collections

France plans large bloc of tax reforms this summer
May, 24th 2007

France's new government will pass a broad range of economic reforms in a special session of Parliament this summer in a bid to lift economic growth to 3%, Prime Minister Francois Fillon said on Wednesday.

The government will push through planned measures including slashing taxes on overtime and inheritance, making certain mortgage repayments tax deductible, and creating a 'fiscal shield' to cap taxes at 50%, he said.

Fillon and his national accounts minister, Eric Woerth, have indicated there could be a pause in the downward trend in budget deficit and debt but added that objectives to cut both will be achieved over President Nicolas Sarkozy's five-year term. "We will propose a series of fiscal and financial measures aimed at provoking a real a shock to create growth," Fillon told Europe 1 radio in an interview.

To pass those reforms, however, the right must win parliamentary elections next month. Opinion polls suggest it will secure a strong majority following right-winger Sarkozy's victory in this month's presidential ballot. "At the end of the year I don't know, but our aim is to have an extra point of growth, to be at 3%," Fillon said.

"At the moment we are predicting 2.25 to 2.5(% growth). That is rather good compared to what our country has seen in the past but it is not good compared to the average of large countries," he added. Last year the French economy grew by 2.2%. Other measures Fillon said he planned to put to the special session of parliament included two pieces of draft legislation on youth delinquency and minimum sentences for repeat offenders.

Fillon also said his government wanted to pass legislation on certain business practices. "We want to take a certain number of measures to moralise capitalism, notably to put an end to the detestable practice of golden parachutes, or introduce more ethical rules on the use of stock options," he added.

Asked on BFM radio whether there would be a pause in the trend towards improving public finances, his national accounts minister, Woerth said: "In a certain way, yes to a pause, if that pause is useful and if that pause is effective.

"Currently you have a multi-year vision of things, we keep deficits in check and we reduce debt. Debt will not increase this year." France's debt has been above the EU reference value of 60 % of gross domestic product (GDP) every year since 2003 and its deficit complied with the EU limit of 3% of GDP for the first time in four years in 2005.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions