Hollande gaat belastingen verhogen

The government plans to abolish the exemption from social contributions applicable to overtime hours, expected to yield a gain for the state of around EUR3.2bn, and to subject overtime hours to taxation, predicted to realize approximately EUR1.4bn in additional revenues.

Other proposed measures include plans to reform the country’s solidarity tax on wealth (ISF), to cap tax breaks at EUR10,000, to impose a 3% tax on dividends and to increase inheritance tax as well as the tax on donations.

In a bid to encourage companies to reinvest their profits rather than reward shareholders, the French government recently revealed plans to introduce a new 3% tax on dividends this summer.