2023-09-12 10:57:00
[Article publié le mardi 12 septembre à 11H02 et mis à jour à 12H15] What regarding the elimination of the contribution on business added value (CVAE)? The subject once once more came back to the table this Tuesday, September 12. Asked regarding LCI, the Minister of the Economy announced “a drop of a billion euros” of the CVAE for 2024 on the remaining four billion.
He also announced the removal of the minimum contribution of 63 euros to this tax for “around 300,000 companies, or more than half of the 520,000 liable for the tax”, according to the ministry in a press release. A measure which “will also primarily benefit VSEs and SMEs”, it is indicated. Indeed, “among the 300,000 beneficiary companies, 82% are VSEs and 18% SMEs”. This decision will be integrated into the 2024 finance bill (PLF) which will be presented on September 27 to the Council of Ministers.
While this is good news for the companies concerned, this announcement once once more confirms the government’s desire to spread the total abolition of the CVAE over the five-year period rather than doing it all at once in 2024, as this was initially planned. At the end of August, Bruno Le Maire had in fact announced this spread, ensuring that the CVAE would be “permanently deleted” by the end of 2027, and that the “reduction of this tax will continue from 2024”. The first reductions in production taxes have already taken place in 2020 and this year.
A rhythm “compatible with our public finance trajectory”
Invited to the Medef summer school shortly following, Elisabeth Borne assured the government’s ambition to do so ” as soon as possible ” more “with the need to maintain our trajectory of controlling our public spending”. In other words: to a “fastest pace compatible with our public finance trajectory”.
“Today we have a more uncertain macroeconomic context than we might have expected and which we must take into account”recalled the Prime Minister, adding that: “Everyone must take their part, the State is taking its part, in particular with a 3% reduction in State spending in volume to maintain our trajectory of public finances and therefore we ask everyone to understand the need to participate in this effort”.
“A very bad signal”, according to Medef
She thus responded to the boss of Medef who had estimated that postponing the total abolition of the CVAE to 2027 instead of 2024 would be “a very bad signal” for companies liable for this production tax. “Our companies, particularly our industrial companies, have an urgent need for this immediate elimination, at a time when international competition is intensifying and we must invest massively in decarbonization”argued Patrick Martin, arguing that this deletion was integrated by companies in particular “in terms of investment and hiring decisions”and that’“she must intervene in due time”.
Tax on superprofits of highway companies
Furthermore, Bruno Le Maire confirmed this Tuesday that the 2024 budget would include a “ taxation of surplus profits » carried out by the highway companies, without however going into details.
Already in June, the Minister of the Economy had indicated “ l’option » of a new taxation of motorway companies was “ in the study ». « S‘there is a decision », it will appear in the finance bill for 2024, he warned. According to information from Echos at the time, the government, in fact, received the approval of the Council of State to tax motorway companies more. The government might thus recover between 2 and 3 billion euros in revenue by 2030. Since 2018, these companies have achieved higher net profits due to the reduction in the corporate tax rate, lowered by 33 % to 25% during Macron’s first five-year term.
Tax niche on RNG, biofuel and commercial negotiations
Finally, Bruno Le Maire took advantage of this speech to insist on the fact that “ not a euro » the gradual elimination of the tax loophole on GNR (non-road diesel) used by farmers and public works manufacturers “ would not go to the State “. These sums will be reinvested in supporting “ ecological transformation » for agriculture, for the purchase of electrical machinery, particularly for construction.
« We will remove the tax loophole on non-road diesel quite simply to switch our taxation from a brown taxation – it is a taxation which encourages the consumption of fossil fuels, therefore it is bad for the climate – to a taxation which promotes green investments », He justified on September 7.
On the other hand, road carriers will not be “ not concerned » by the gradual end of the tax exemption for diesel in order to “ preserve (their) competitiveness “, he clarified.
The minister also announced, this Tuesday, an agreement with these two sectors to “ jointly finance a biofuel sector “. The tax advantage will be reduced gradually, insisted Bruno Le Maire, by 2.8 cents per liter each year from 2024 to 2030.
Concerning the negotiations between manufacturers and distributors in mass distribution, he indicated that they should end on January 15, instead of March, in 2024, and wondered “ whether there should not be more regular negotiations “. Earlier in September, the government decided, following discussions with representatives of the two sectors of activity, to bring forward annual negotiations for 2024. Only the 75 largest manufacturers (Bel, Pernod Ricard, Colgate-Palmolive, Lactalis, Bonduelle, Sodebo or Bigard, etc.) have however affected by the thousands of companies supplying mass distribution. The others will therefore continue to negotiate until March 1, 2024.
Bruno Le Maire also announced that he would contact the Minister of Agriculture, Marc Fesneau, with the observatory of price formation and margins to ensure that the margins of agricultural producers are well protected.
(With AFP)
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