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We are champion! But this time, nothing to trigger a jubilant joy in the streets. France wins the title of European champion of tax revenues that include both taxes and social contributions.
According to Eurostat, these revenues accounted for 48.4% of GDP in 2017 in France while the average in Europe is 40.2%.
Tax revenues, including taxes and contributions, accounted for 48.4% of GDP in France in 2017, the highest ratio in the European Union.
According to the report of Joel Giraud, the MP for En Marche, unveiled by Les Echos, the taxes and social security contributions paid by the French have even crossed the threshold of 1,000 billion euros, more exactly 1,038 billion in 2017.
On this podium, we find then Belgium and Denmark. Ireland remains the best student in the euro zone with a rate of 23.5%. The average in Europe, according to Les Echos, being 40.2% of GDP.
A title that France keeps for the second year in a row, even increasing its lead over its partners. In 2016, French tax revenues were 47.7% of GDP.
Even though the increase in revenue also means that tax revenues have been higher thanks to the growth of the economy, it also shows the differences between the policies pursued by the states.
Thus, France is distinguished by a high level of social contributions (18.8% of GDP) to finance a largely redistributive social system. For its part, Sweden favors taxes rather than social security contributions for this financing.
In another area, these statistics also highlight a higher taxation of France on production and imports compared to what happens in Germany where these levies are 10.7% against 16.4% in France.
Emmanuel Macron angrily Vests yellow repeated Tuesday, his willingness to lower taxes to achieve the goal of a levy rate to 44.5% in 2022. But to achieve this, the head of the state has warned that public spending should be cut further. Otherwise, France risks having to resort to debt.
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