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French budget 2014: the impact of the new tax measures?

Author

Listed:
  • Antoine Bozio

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, IPP - Institut des politiques publiques)

  • Malka Guillot

    (IPP - Institut des politiques publiques)

  • Marianne Tenand

    (IPP - Institut des politiques publiques)

Abstract

Released at the end of September, the 2014 French Budget aims to reduce the public deficit by restricting public spending. While the announced tax reforms are less radical than those implemented in the previous two years, they project an additional increase in revenue of 2.7 billion euros (that is, 0.1% of GDP). This note presents an overview of the evolution of public finances and an analysis of some of the announced tax measures that will affect expected revenues for the 2014 financial year. Changes to income tax are limited and mainly affect those in the highest income decile; the increase in VAT also has a mildly redistributive effect, thanks to the increase in the intermediate rate. There remain, however, a number of unknown effects relating to the impact on employment of the tax credits for competition and employment (CICE) scheme and the effectiveness of the announced spending cuts.

Suggested Citation

  • Antoine Bozio & Malka Guillot & Marianne Tenand, 2013. "French budget 2014: the impact of the new tax measures?," Institut des Politiques Publiques halshs-02527023, HAL.
    • Handle: RePEc:hal:ipppap:halshs-02527023
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02527023
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