The MEPs of the Finance Committee vote in favor of reinforcing the “exit tax” to fight against the tax exile of taxpayers
The objective of this amendment, approved by the deputies Les Républicains (LR), the New Popular Front and the National Rally, is “fight against people who move their domicile outside France simply and exclusively to evade taxes”explained elected official Véronique Louwagie (LR).
The deputies, who since Wednesday examine the “revenue” section of the state budget for 2025, decided to return to the initial version of this system, established under Nicolas Sarkozy. This allowed taxation of unrealized capital gains of businessmen who decided to transfer their tax domicile abroad, unless they held onto their shares for at least fifteen years after their departure.
In 2018, in the name of France’s attractiveness for investors, Emmanuel Macron reduced this measure, reducing the term from fifteen to two years. In practice, this was equivalent to “just eliminate the tax”M explained.me Louwagie in the justification of his amendment.
The measure, which obtained a broad consensus on Thursday, is however far from being definitively adopted, since all votes in committee must be renewed in the chamber, where deputies will start from the initial version of the bill.
“It would be truly incomprehensible if the government, in this period in which we are seeking new tax revenues and [où] We need tax justice, let’s not keep this amendment.” in the final text, which could be adopted without a vote thanks to recourse to article 49.3 of the Constitution, stressed the environmentalist deputy Eva Sas.
