Taxation is central to the economic programmes of the various political parties. In the current political climate, calls for far-reaching changes to tax legislation are multiplying.<\/p>\n
Quite apart from any partisan considerations about the level of compulsory deductions or the efficiency of public finances, we believe it is imperative to preserve the tax arrangements that we have seen make a real contribution to France’s attractiveness.[\/vc_column_text][vc_column_text css=”” text_direction=”default”]\n
The introduction of a flat tax on capital income (30%, rising to 34% for high earners) has simplified the tax landscape and encouraged private individuals to invest in businesses, thereby strengthening the French economic fabric.<\/p>\n
The research tax credit (cr\u00e9dit d’imp\u00f4t recherche), which provides a tax reduction on research expenditure, enables French companies to remain at the cutting edge of technology and encourages foreign companies to open research centres in France.<\/p>\n
The Dutreil Pact, which encourages business transfers, helps to preserve France’s entrepreneurial heritage. This scheme enables SMEs and ETIs – the heart of our economy – to remain within the family rather than being sold to foreign funds or groups.[\/vc_column_text][vc_column_text css=”” text_direction=”default”]\n
On the other hand, we would remind those who call for outright repeal – on the pretext that these measures could be misused or abused – that the administration firmly defends their proper application and that judges are the guarantors of their integrity.<\/p>\n
Finally, we can testify that fiscal stability is a lever for growth. When the norm is predictable, businesses and investors can plan for the long term, invest and hire. The relative fiscal stability of recent years has certainly helped to attract capital, both French and foreign, and has fuelled job creation.<\/p>\n
We are aware that the current context will necessarily have an impact on the content of future tax measures: reducing the budget deficit, financing the energy transition, maintaining purchasing power, reducing inequalities, and so on. The exercise will be made all the more difficult by the fact that the Finance Bill for 2025 will have to be tabled on the second Tuesday in October at the latest.<\/p>\n
It is in this context that we are calling for moderation and reflection before any tax reform. It’s not a question of putting the brakes on change, but of conducting it with discernment, taking into account past successes and current imperatives. In short, we are calling for reform without reversal.[\/vc_column_text][vc_column_text css=”” text_direction=”default”]The signatories of the tribune:<\/b><\/p>\n
Pierre Bonamy <\/b>is a member of Reinhart Marville Torre. [vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#ffffff” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” centered_text=”true” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default”…<\/p>\n","protected":false},"author":1,"featured_media":5573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":{"0":"post-5571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-publications-in-the-business-press"},"yoast_head":"\n
\n<\/i>Romain Daguzan <\/b>is a member of the Arsene firm.
\n<\/i>Rachel Dress <\/b>is a member of Act Legal.
\n<\/i>Benoit Galichon <\/b>is a member of the law firm Fidal Avocats.
\n<\/i>Laure-Lise Giner <\/b>is a member of the firm Farewell Tax.
\n<\/i>Steven Guthknecht <\/b>is a member of the firm Qualiens.
\n<\/i>Cyrille Kurzaj <\/b>is a member of the firm Kurzaj Modicom.
\n<\/i>Bertrand Lacombe <\/b>is a member of the firm Lacombe Avocats.
\n<\/i>Brian Martin <\/b>is a member of the law firm Sekri Valentin Zerrouk.
\n<\/i>St\u00e9phanie N\u00e8gre <\/b>is a member of the Lerins firm.
\n<\/i>Gregory Prouin <\/b>is a member of the firm Mermillon-Rault.
\n<\/i>Michael Taieb <\/b>is a member of IC Avocats.
\n<\/i>Baptiste Vaslin <\/b>is a member of Kleber Avocats.
\n<\/i>Thomas Verdeil <\/b>is a member of Gate Avocats<\/i>.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” equal_height=”yes” content_placement=”middle” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”3%” constrain_group_1=”yes” bottom_padding=”3%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”5px” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][image_with_animation image_url=”3485″ image_size=”full” animation_type=”entrance” animation=”None” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” mask_enable=”true” mask_size=”contain” max_width_custom=”50%” max_width_custom_tablet=”30%” max_width_custom_phone=”25%”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” font_color=”#002643″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”” el_class=”med” text_direction=”default”]Bertrand Lacombe<\/strong>
\n<\/strong>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=”5px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” font_color=”#7696a5″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”” text_direction=”default”]Lawyer, lecturer in tax law.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”5px” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_btn size=”medium” open_new_tab=”true” button_style=”regular” button_color_2=”Extra-Color-3″ icon_family=”fontawesome” text=”Read the article” url=”https:\/\/www.lesechos.fr\/idees-debats\/cercle\/opinion-pour-la-stabilite-fiscale-2119559″ icon_fontawesome=”fa fa-file-pdf-o” margin_top=”15px”][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"