2023-08-25 15:06:41
Margaux Fodéré // Photo credit: OLIVIER CHASSIGNOLE / AFP
The Minister of the Economy, Bruno Le Maire, was on Thursday >%20LIRE%20ALSO%20-%20Bruno%20The%20Maire%20made%20his%20rentr%C3%A9e%20politique%20%C3%A0%20Annecy%20et% 20will%20focus%20on%20industry” target=”_self”>in Annecy, in Haute-Savoie, to present its economic priorities for the coming months, and its desire to pursue a policy of supply, favorable to businesses.
However, the announcement that will remain of this day is the postponement of the abolition of the CVAE, the contribution on the added value of companies. The first half was removed this year. The second was to be in 2024, but the government, in search of savings, decided to stagger it until 2027. A disappointment for French companies, in particular those which export.
A loss of competitiveness
Although they have fallen sharply in recent years, production taxes, including the CVAE, the contribution on the added value of companies, remain high in France. So much so that producing in France is more expensive than elsewhere in Europe.
“As production taxes in France are twice the European average, our companies are less competitive. ‘taxes’, explains Frédéric Coirier, co-president of METI, the movement of Intermediate Size Companies.
Industrial companies impacted
Above all, due to its structure, the CVAE particularly penalizes industrial companies. At a time when France is trying to relocate its production. “It is paradoxical. It is perhaps not the productive apparatus that should be penalized in a context where we want to re-industrialise France, and regain sovereignty in terms of production and strategic autonomy”, explains Olivier Redoulès, director of studies at Rexecode.
According to METI, some companies had already anticipated the total abolition of the CVAE in 2024 and had thus launched investment plans. This new postponement might therefore jeopardize their development prospects.
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