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PM adjusts promise of ‘tax pause’

What the president described as a pause fiscale of 2014, will be a slow down in 2015

PRIME Minister Jean-Marc Ayrault has said that the break in taxation promised by President Hollande for 2014 will not arrive until 2015, and will be more of an ‘easing’ or ‘slowdown’.

The PM made the comments in an interview in Metronews in which he announced the delay and chose to describe it as a ralentissement (slow down) instead of a pause.

At the end of August, President Hollande told Le Monde that the time was right to ease up on the increasing levels of tax in the country. Since coming to power there have been rises in VAT, freezes in income tax bands, new bands of income tax and the closure of many tax breaks.

The government has already stepped slightly back from the president’s comments with its spokesman Najat Vallaud-Belkacem announcing that work would being on the pause fiscale in 2014 and confirmed in 2015.

An advisor at the PM’s office told Le Figaro: “When he talked about a tax pause for 2014, the president was speaking about the point of departure, while the prime minister meant the moment when the pause would come into effect.

“Both of them are talking about the same thing, but at two different moments.”

They added: “It doesn’t refer to a brutal halt, but to a direction.”

Photo: wiki/copyleft

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