finances The Senate voted for this measure for a period of two years, against the advice of the government
On August 1, 2017, the Navigo pass will cost 75.20 euros, an increase of 3% in one year. (Illustration) — CHAMUSSY/SIPA
The Senate at majority from the right voted Monday, against the advice of the government, to reduce the VAT rate in public transport for the equine sector or even margarine. Proposals to reduce VAT rates are an essential exercise in the review of finance laws.
In the list proposed this year by senators for the 2023 budget, the upper house retained an amendment from the Regional Planning Committee, aimed at apply a reduced rate of VAT to 5.5% (instead of 10%) for public, rail, guided or road transport. But for a period of two years only. Left-wing and centrist senators have worn proposals along the same lines.
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A l’heure des crises climatiques et énergétiques et pour éviter une baisse de l’offre ou une augmentation insupportable du prix pour les usagers, notre amendement de baisse de TVA à 5,5 % pour les transports du quotidien, voté ce jour au contre l’avis du gouvernement. pic.twitter.com/xU96UTHxw8
— Philippe Tabarot (@PhilippeTabarot)
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“”If we don’t act quickly, the supply of public transport will drop sharply and fares will explode for users” Philippe Tabarot (LR), emphasizing that “we will thus be at going against the grain of the climate challenges that await us.
Rémi Féraud (PS) noted that this rate cut could be “one of the avenues” in response to requests from the President of the Ile-de-France region Valérie P&écresse (LR) to find additional funding for Ile-de-France Mobilités.
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“For 10 million Ile-de-France residents, it’s a real issue: less supply, it’s a hassle and in addition the prices will increase,” added the centrist Vincent Capo -Canellas. Concerning the equine sector, another chestnut tree, the Senate voted; an amendment to subject it to the intermediate rate of 10%.
“A public finance obstacle”, according to Attal
The minister in charge of Public Accounts Gabriel Attal agreed that “there is no more European obstacle to moving forward (…) but there is an obstacle of public finances”. “The arbitration is not to provide from this PLF for a reduction in VAT on all or part of the equine sector”. “I think we will come there because we are also pushed. by the majority presidential election,” he added. The Minister recalled that the International Monetary Fund (IMF) on Monday “insisted; on the extremely constrained nature of our public finances.
Since the beginning of the examination of the draft budget in first reading in the Senate, the « Revenue losses are piling up,” he warned. “Tax reform; of real estate is at this stadium is estimated at around 4 billion euros, inheritance tax is 1.4 billion at the very least, we have 115 million on margarine, 350 million on transport, 320 million on l’IS PME and l’ we would have 180 million more on horses,” an amendment to reduce from 20% to 5.5% VAT rate on margarine. The government will be able to reconsider all these provisions in the continuation of the shuttle or by using the article 49.3 of the Constitution à; the National Assembly.