Oh, so the usual strikes in September, October, November then, but possibly more well attended 
Yes it will be unpopular, but we need savings.
The scrapping of two public holidays could be just a negotiating tactic. Include something likely to provoke an outcry, concede on that point at the last moment, and get the rest of the budget approved without having to risk a confidence vote.
Well that’s fueling the flames of the working people of this country! Well I s’oppose it’s the fault for electing these people into power in the first place.
If this is debated in Parliament be interesting what the RN & left PS & Insoumise have to say?
What’s the solution for the government recours au 49.3? Massif strike action… Elections in 2 yrs time…
How many more cuts in benefits for those in need, on our salaries, & every day price rises before things turn nasty?
Some of the proposed measures will hit closer to home.
The 10% abbatement on pensions (not to be confused with the 10% relief on foreign pensions) will be reduced from €4123 to €2000 pa. The tax relief presumably would still available on all pensions. The government has said that the tax liability on pensions over 20000€ will increase slightly.
What’s the 10% relief on foreign pensions, George? Is this something that applies in addition to or instead of the ordinary 10% abattement (now capped at €2k)?
Excuse my ignorance. Not quite drawing my (foreign source) pension yet although it’s looming.
It just occurred to me. Maybe you’re referring to lump sums (pensions de retraite versées sous forme de capital)?
Is it clear from what’s been announced that the abattement for these will not also now be capped at €2k?
Haven’t read the proposals in detail.
Apologies. Please ignore the reference to an additional 10% relief for overseas pensions, beyond the standard (capped) 10% relief on salaries and pensions, which is set to be further reduced to a maximum of 2000€, if Bayrou’s plans are unchanged.
Ah, another undemocratic Democrat failing to read the room.
Je suis choqué.
Thanks for clarifying George.
Do you reckon the (currently uncapped) 10% relief on pension lump sums will be unaffected?
No. I don’t think the uncapped 10% abattement on pensions lump sums (set out in Article 163 bis CGI) is going to be eliminated.
Why do I say that? If you take a pension lump sum of 500000€, the uncapped 10% saving is ‘only’ worth 3750€ (7.5% of 500000, x 10%). That’s not going to help plug too many deficit holes.
Bear in mind that lump sum pensions are very uncommon amongst the French taxpaying population, and generally relate to pension schemes held by foreigners moving to France. The numbers involved who might be claiming the tax relief are probably pretty small in the grand scheme of things.
Also individuals with such large lump sums may well be falling into the twin regimes of exceptional income tax charges, and/or be liable to social security, so the government is probably already getting a fair cut of revenues in such cases.
I suspect the actual costs to France of the Article 163 bis charge are overall pretty marginal and I doubt anyone is seriously focusing on it.
(Caveat, the full details of the deficit reduction plans are yet to be made available…)
La France Insoumise and the CGT are not interested in finding solutions to the debt and FN are opportunists who will vote for anything that will get them in power. I would be more interested in what PS say.
Can we afford for the debt to continue to grow?
The disunited states doesn’t seem to care much
The US is not a good country for us to follow. Trump has been complaining about the interest rate as it is hitting debt repayments.
There are many institutions vested in the US and they have to support, but the support will be less for France.
I wasn’t thinking it was, just a statement of fact.
OK. Sorry if I misunderstood.
Oui, I’l n’existe pas! Malheureusement 
(Though of course you didn’t actually say there was an additional rate -). However if capped at 2K, well that’s 4.2 - 2K so 2.2 K taxed at say 30% at that level of pension so 660 € - not grave, just another brick in the wall (of the tax advantages to UK pensioners relocating to France).
Can we continue to subsidize aka tax breaks to multi national companies with our taxes, while making the small companies, artisans, employees and pensioners pay more taxes and contribuons to fund them?