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The President of the Republic gives appointment to the French in three months. A delay during which the consultation launched this Tuesday should allow to identify "concrete and practical solutions" outlined by Emmanuel Macron.
Lighter taxes in case of crude increase
While fuel taxes should increase by 3 and 6 cents in January, Emmanuel Macron wants "to have a quarterly appointment that allows, in a way, to mitigate the effect (of taxationfor our fellow citizens, if there were to be a surge in world prices. Clearly: "The government may decide to suspend or reduce the tax hike at the beginning of the year," says Matignon. The last one dates back to 2018.
With such a mechanism, "the increase in taxation would have been suspended between July and October 2018," says one in the entourage of the Prime Minister. But, Matignon refuses to set "a numerical threshold" because the measure will be refined with Parliament. Yet, a short time ago, a minister estimated that beyond "120 dollars, 130 dollars", the state can not "sit idly by".
Activation of this firewall will also depend, according to Matignon, "on the pace of price evolution". The measure is reminiscent of the floating TIPP set up in the 2000s to modulate the fuel tax based on the price of the barrel. For the government, there is no question of returning to floating TIPP.
Banks solicited for the conversion premium
The Renault ZOE at 23,000 euros, the Toyota Prius hybrid at 30,000 euros … To help the French to equip more "green" vehicles, much more expensive than thermal vehicles, Emmanuel Macron wants to rely on financial organizations.
READ ALSO>Hybrid or electric cars: not so easy to go green
"For families, households that are at 10, 20 or 30 euros per month, it is not possible to release such a large sum (Editor's note: in one go", Said Tuesday afternoon, Emmanuelle Wargon, Secretary of State for Ecological Transition. And to clarify: "we need banks to put in place devices" like the "zero rate loan".
But this expensive path for public finances is not unanimous. "This is not under study," corrected one in the entourage of Bruno Le Maire. What holds the rope? Banks "are working to integrate the prefinancing of the conversion premium into their credit offers," says the French Banking Federation (FBF), the lobby of the financial sector. To avoid waiting before touching the state check, after buying a clean car, banks could advance this financial boost.
Another way: offer rates and fees more attractive to customers who invest in green vehicles. "No question, on the other hand, to ask us to lend to people who can not repay," warns a bank source. Bercy and the banks "are in discussion to finalize a plan of actions in the next days", one specifies to Matignon.
Towards new tax cuts and taxes
"It does not go fast enough", for the French, has recognized the head of state by checking the fiscal measures -progression of the housing tax and employee contributions – supposed to promote purchasing power. Before going on, without saying more, it would be necessary to intensify "profound changes" and reduce "taxes".
How? For who ? "We will continue to reduce the tax burden and better pay for work," says Matignon without further details.
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