The President of the French Republic, Emmanuel Macron, announced the increased taxes for the richestfor households earning more than 500,000 euros and an extraordinary tax for all large companies in the country. An initiative which has generally been attributed to the left, but which in the French country will be led by a Liberal-conservative government.
With this new budgetary plan, Macron aims to revive the battered French economy, four years after the Covid-19 crisis and two years since the start of the war in Ukraine. French Finance Minister Antoine Armand indicated that they would be “one or two years of exceptional crisis”.
In Spain, these measures have been widely criticized by the right, but the Macron government intends to be more ambitious. For example, in Spain they only provide energy companies and banksraising 2.9 billion euros. Macron says that all major companies contribute and collect more than double, or 8 billion euros. “This is something that big companies understand well,” Macron explained.
As for the great fortunes, Spain taxes those who have capital of three million euros or more with the Wealth Tax, collecting 600. While France will pay what they earn and let them be the families who earn more than half a million euros for those who contribute. A measure which aims to collect five times more than in our country.
Something exactly the opposite of what his Spanish counterparts think: “I am not going to tax or overtax,” Feijóo promised during the campaign. “This goes against my principles”assured Díaz Ayuso.
And despite the urgent needs of the French economy, will only grow by 1.1% this year compared to 2.8% that the Spanish will do it. While they will have almost double the deficit, 5.6% against our 3%. Macron nevertheless indicated that the measures would be temporary: “It’s for one year.” In Spain, there are already plans to return them “permanently”, according to President Pedro Sánchez.
