The removal of the ISF in Germany was lined with high income tax hikes

Three Ministers were not too much to defend yesterday at Bercy, the merits of the two storylines to alleviate or remove the wealth tax. François Fillon, Christine Lagarde (economy) and François Baroin (Budget) have sought to convince that, despite the removal of the shield tax - one of the strong symbols of the quinquennium-, reform not constituted in the values of the right and was consistent with tax strategy carried out since 2007: "E n removing the tax shield, we want at the same time delete the reasons which had necessitated its introduction.pleaded the Prime Minister. And "p arce we want everyone to pass to his children the fruit of his work, we will not be returned on the relief rights of succession", he added. Similarly, the defence of the work value excludes to create a new slice of tax for high income, a harshly criticized UMP parliamentarians project yesterday by François Baroin.

Closing many tracks and detailing two specific scenarios, Government preceded twenty-four hours the proposals that must be made today by the Court of Auditors, to bring together French and German taxation. A way to cut short any suggestions that could go against these projects. The removal of the ISF in Germany was lined with high income tax hikes...

The project for the taxation of enrichment rather than wealth, one of the two options on the table, required great efforts of persuasion on the part of the two tenants of Bercy. François Baroin him referred to as "radical", but "fair and innovative", stressing that it would "no longer taxed twice the same assets. "The ISF tax nearly in the same way people that enrich themselves and the people have become poorer", also argued Christine Lagarde, defending the need for a tax t "in relation to the contributory, simple, and economically useful ability." The argument of the taxation of the enrichment may still surprise for a Government that is strong to defend the success.

"It is a reform against the people who are in their social ascent," also believes Economist Thomas Piketty, near the PS, that the measure would promote households holding already of the heritage and penalize those who are to be, by grow their assets.

The left denounced, Furthermore, the speech that the removal of the ISF to 300,000 households, whatever the scenario, constitute a measure of justice: "the Government think apply to middle-class, it is a decoy." "attack Michel Sapin. Jérôme Cahuzac said that median heritage at 200,000 euros, "the chosen threshold of 1.3 million means that it benefit of the French heritage is six times larger than the median wealth". And the Chairman of the Finance Committee of mock on the abandonment of a shield held even yesterday by François Fillon as a "common-sense principle": "is the idea was good and it is a mistake to delete it, or it was not, and should admit it.".

It remains a big unknown, in addition to the crucial choice between two options (which will be made beginning April): must be in both cases find approximately EUR 1 billion to balance the reform, not touching that current subject to the ISF.