Emmanuel Macron, having been elected president of the French Republic on Sunday, 7 May 2017, will enter office on Sunday, 15 May. He then will immediately have to appoint a new government.
The tax measures in President-elect Macron’s campaign platform were not very detailed—especially tax measures that would affect enterprises and businesses. The following brief discussion focuses on measures announced during the campaign.
During the presidential campaign, Macron proposed the following tax reform measures for companies:
During the presidential campaign, Macron proposed the following tax reform measures for companies and individuals:
During the presidential campaign, Macron proposed the following tax reform measures for individuals:
Tax professionals with Fidal* have observed that the schedule for officially proposing these reforms has not yet been specified. In general, a “rectified budget” for the current year (which includes, in most situations, tax measures) is submitted to the French Parliament in June or at the beginning of the summer. Alternatively, the measures mentioned above could be included in a “rectified budget” during the fall or directly in the Finance Law for 2018.
This year, the schedule is uncertain given that parliamentary elections will take place on 11 and 18 June. The possibility for the new president to implement tax reforms will, in part, depend on the outcome of those elections.
For more information, contact a tax professional with Fidal* in Paris or KPMG in New York:
Gilles Galinier-Warrain | +33 1 55681654 | firstname.lastname@example.org
Patrick Seroin | +1 (212) 954-2523 | email@example.com
Olivier Ferrari | +33 1 55681476 | firstname.lastname@example.org
Nathalie Cordier-Deltour | +33 1 55681454 | email@example.com
Laurent Leclercq | +33 1 55681642 | firstname.lastname@example.org
Bruno Bacrot | email@example.com
* Fidal is a French law firm that is independent from KPMG and its member firms.
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