The tax itself does not support business but the revenue from it does. Only 7 billion Euros from the total revenue of about 34 billion is going to be spent on environmental projects the rest is being used to support business.PartyOf5 wrote: ↑Wed Dec 05, 2018 11:14 amMonty, we rarely share the same viewpoint, but no matter the poster I do appreciate when people post links to information that I was not aware of before. That said, using VOX as a source of information is an immediate red flag. The article (and your post as well) come across as a way to take yet another shot at Trump rather than inform people.
With that out of the way, I do wish you would address the part that stated Macron is enacting these fuel taxes as part of a plan to make the French economy more business friendly. Is there any proof of this other than VOX saying so? If it is true, how is raising fuel taxes pro-business?
If you don't want to hear it from Vox how about the Financial Times? Obviously, they support government tax revenue going to business friendly policies so they are not hiding it.
Please try to make the effort to spell my name correctly in future communications, thanks.France has slashed its contentious wealth tax and introduced a flat rate on capital gains as president Emmanuel Macron used his first budget to unleash business-friendly policies aimed at attracting investors and revitalising the eurozone’s second-largest economy.
The French parliament on Tuesday adopted a package of measures for 2018 that included scrapping the wealth levy on everything except property assets — in effect cutting the tax by 70 per cent. A 30 per cent flat tax rate will also be introduced on capital gains, dividends and interests — a longstanding demand from investors and entrepreneurs.
The tax cuts, which fulfil promises made on the campaign trail, were seized on by Mr Macron’s political opponents as further evidence that he was the “president of the rich”.
Marine Le Pen, leader of the far-right National Front whom he defeated in a presidential runoff in May, said the tax cuts were designed to reward wealthy campaign donors. Thomas Piketty, the leftwing economist, said the measures were a “historical error” that would fuel economic inequality.