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Towards a restriction of tax loopholes

Tuesday Dec 1, 2009

The overall ceiling of tax loopholes Will it be lowered? The UMP general rapporteur of the Committee on Senate Finance, Philippe Marini, filed an amendment to that effect to the draft budget for 2010. He wants the overall cap, currently 25 000 plus 10% of income goes to 20 000 plus 8% of income. "The expected savings for the state are not huge. But this measure reflects our desire to limit the tax loopholes, "says Philippe Marini. And the senator also wants reform of the Scellier back to the original text submitted by the cabinet in September. The government had planned to turn green when the device supporting the rental investment, making it less attractive for homes not meeting the standard "low consumption". But the National Assembly had then reduced the impact of greening.However, Philippe Marini supports the amendment adopted by the Assembly of taxation benefits and work accidents. And he does not wish to return, for now, on the measures which the Assembly amended the tax shield (100% inclusion of dividends in the income deficit due one year on average). The question now is what will decide the Finance Committee on Tuesday and above all sitting senators. For his part, the president of the centrist finance committee, Jean Arthuis, will introduce his amendment removing the TFR, all being funded by the end of the tax shield, creating a sixth installment of income tax and higher taxes on capital income. Without any illusions about his fate.

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