6 billion reflowed in green cheques and tax cuts

The Government has virtually sealed off the tax component of the Bill of finance 2010, which will be presented by the Council of Ministers on 30 September. The large two - carbon tax, professional tax - reforms are known in detail. "The business tax reform is a major decision to support productive investment, which decreased by EUR 20 billion between 2007 and 2009," said yesterday François Fillon. We wanted that this reform will result in a clash of competitiveness. It is a relief of height of 4 to 5 billion euro taxes fully focused on the investment.

The choice to make the reform a coup represents "a transfer of cash of more than 5 billion extra for business" in 2010. The Prime Minister wants to "businesses to continue to invest without delay that the terms of financing of the economy completely return to normal", left to maintain at a record level, around 8 of GDP, the public deficit next year. "We will be at around 7.5 in 2009 and the idea is a stabilization" in 2010, said yesterday Eric Woerth, evoking a budget deficit of 130 billion euros"this year and"perhaps more if there are fewer receipts".

Building low-consumption

Another tax priority of this budget: the environment. The implementation of the carbon tax is neutral, globally, for households (2.6 billion reflowed in green cheques and tax cuts). Facilities are also planned for the most exposed professionals (read here). The greening of taxation will also concern real estate. The deductibility of interest of the loan (Act Tepa) will be progressively reserved for purchasers of housing units in a rack-low consumption ("Les Echos" from September 15).

Device Scellier

Today, the tax credit reached 40 of interest paid the first year, and 20 the next four years, in the limit of audiences euros per year for a single, 7.500 euros for a couple. In 2010, the reduction should be reduced to 35 the first year and 15 the next four years, in the acquisition of housing "non-BBC". Elle will continue to decrease then to be zero at Elle January 1, 2013. "I am an unconditional supporter of the"greening"progressive housing aid, including the tax credit Tepa", said Secretary of State for housing, Benoist Apparu yesterday.

The Government also plans to book the tax advantages for rental investment to the purchasers of housing BBC. The Scellier device, which provides a tax reduction equal to 25 of the price of purchase for nine years, should be gradually closed housing highly energy: tax cut could increase to 20 next year (against 25 for housing BBC). Some in the Government, nevertheless seek for stability of the Scellier in 2010, to strengthen the recovery of real estate. To this end, the bonus of the loan rate zero implementation in stimulus (amount of the loan, revenue cap) should be extended for six months, until July 2010.

125 grams of CO2 per km

The automobile incentives, finally, will see its hardened scale: as planned in the Grenelle of the environment, need to buy a car emitting less 125 grams of CO per km for a bonus (instead of 130 grams). The scale of the malus will also offset of 5 grams: the purchase of a car emitting more than 155 grams of penalized COsera, against 160 grams today. And the fee schedule will be offset.

Principle of fairness

In addition to the environment and investment, the Government wants, in 2010 the State and social security budgets, to defend the principle of fairness. If large delivery flat tax and social niches has been postponed, two decisions are made: the CSG on securities capital gains (shares, bonds, etc.) will be restored while they are exempt under 25.730 euros of securities sold in the year. MPP Gilles Carrez (UMP), rapporteur of the budget, considers that the capital gains must be subject to social security payments as soon as the first euro. Increased taxation of real estate capital gains seems, on the other hand, the order of the day.

Another principle established: social contribution on pensions hats (6, 8) or 12 according to mode of assignment will double (12 to 24), and over five times the social security ceiling (a little more), it would increase to 30. Bearings of the taxation of stock options (Eric Woerth wants to double the employer contribution) and the social package of 2 (engagement, participation, etc.) on the other hand are the subject of many oppositions in the Executive branch.