In the age of negative rates, the debate on the future of zero-interest loans is launched

In the age of negative rates, the debate on the future of zero-interest loans is launched

A report commissioned by the government, of which “Les Echos” had a copy, recommends not to extend the PTZ beyond 2021. In an environment of low interest rates, this tool is not sufficiently incentive and especially guides households towards new purchases, estimate inspections from Bercy and the Ministry of Ecological Transition. Does the zero rate loan (PTZ) still have its raison d’être when interest rates are very low? Two years from the expected expiration of…

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Executive stays on budget for 2019 thanks to good tax revenues

Executive stays on budget for 2019 thanks to good tax revenues

The amending finance bill presented on Thursday confirms the objective of a deficit of 3.1% of GDP this year. The executive saves less than expected, but compensates with dynamic tax revenues and lower debt costs. The High Council of Public Finances considers this objective “plausible”. A priori, nothing has changed on the horizon. The amending finance bill (PLFR) for 2019, which will be presented this Thursday by the government, resumes the forecasts put forward for…

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Growth, deficit: the government is lowering its ambitions for 2020

Growth, deficit: the government is lowering its ambitions for 2020

The government now expects growth of 1.3% next year, lower than the +1.4% that was expected two months ago. This slight slowdown and the deadlock in certain economies lead to an increase in the forecast deficit, now set at 2.2% of GDP (against 2.1% expected in July), almost the same level as in 2019 excluding exceptional items . Public spending will increase by around 25 billion. Officially, the government continues to follow the same roadmap…

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The Mayor urges public companies to have a “raison d’être”

The Mayor urges public companies to have a “raison d’être”

The Minister of the Economy wants companies in which the State is a shareholder to have a “raison d’être” in 2020. The Pacte law opens up the possibility for companies to take social and environmental issues into account in their objectives , and not just profit. Companies in which the State is a shareholder will have to find a reason to exist. It is not a question of a reason to exist strictly speaking but…

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Why Google ended up bending to the French state

Why Google ended up bending to the French state

After its victory before the administrative court and on appeal, Google appeared to be in a strong position in its standoff with the French state. The group was however under the threat of a decision of the Council of State which could have overturned these decisions and concluded to the existence of a permanent establishment in France. The transaction validated this Thursday by the Paris tribunal de grande instance marks the end of a standoff…

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Budget: Health and Ecology targeted for staff cuts in ministries

Budget: Health and Ecology targeted for staff cuts in ministries

The government wants to cut 2,593 positions next year in the ministries, for savings ranging from 75 to 100 million euros in 2020, according to the ceiling letters sent to the ministries. Arbitrations have taken place. While the finance bill (PLF) for 2020 must be presented on September 25, “Le Parisien” was able to consult the ceiling letters, internal documents establishing the budgetary choices for 2020 and in particular the cuts in the workforce, planned…

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Zero charge at the minimum wage: the new deal for French companies

Zero charge at the minimum wage: the new deal for French companies

The new 4-point reduction in charges, effective since October 1, concerns 1.6 million employers and 9.8 million employees. At the level of the minimum wage, the cost of labor is now lower than in Germany. If the “zero charge” makes it possible to limit the consequences of a high minimum wage on the employability of low-skilled people, on the other hand, deductions increase sharply as one moves away from the minimum wage. France, weighed down…

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Justice budget: prisons and juvenile justice take the lion’s share

Justice budget: prisons and juvenile justice take the lion’s share

The justice budget is up for the third consecutive year. It gives pride of place to the prison administration and the criminal justice system for minors. 1,520 new jobs and a 4% increase in the total budget (+294 million euros): these are the key figures of the 2020 draft budget for justice, presented by the Minister of Justice, Nicole Belloubet, this Friday. The budget thus amounts to 7.585 billion euros (excluding pension). ” For the…

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Budget: the tax litigation bill is on the rise

Budget: the tax litigation bill is on the rise

The cost of serial litigation is estimated at 2.35 billion euros for 2020. After the 3% tax on dividends two years ago, the State suffered new convictions which will require it to reimburse taxpayers. It is now a line of the state budget closely monitored by parliamentarians. Since the case of the 3% tax on dividends, which forced the State to urgently reimburse 10 billion euros to companies two years ago, the so-called serial tax…

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