Transcript of "The French Government Announces Tax Reforms for 2015"
The French Government Announces Tax Reforms for 2015
Update from Nair & Co. International Tax Team
(Bristol, UK) - France has announced plans to reform the tax system in 2015. Changes are likely to fuse personal income tax with
the generalized social contribution (CSG). Interestingly, such a move may need detailed analysis due to a structural difference
between these two taxes. Tax incentives do not affect the tax base of the CSG; thus, CSG has a broader tax base than personal
income tax. Moreover, the CSG is deducted from the taxpayer's salary.
The new reforms of the tax system may also lead to the implementation of a new withholding tax system for personal income
tax and the elimination of some personal income tax incentives.
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