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Money Income tax, VAT… the weight of the various tax revenues collected by the State in 2019

21:49  31 july  2020
21:49  31 july  2020 Source:   programme-television.org

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Impôt sur le revenu, TVA… le poids des différentes recettes fiscales engrangées par l’État en 2019 © Wikimedia Commons Income tax, VAT… the weight of the various tax revenues collected by the State in 2019 Enacted this Friday, July 31 in the Official Journal, the law regulating the budget and approving accounts reveals the final figures of tax revenue collected by the State for the year 2019.

While the health crisis is putting the country's finances under pressure since March, we now know the final figures of tax revenue collected last year by the State. To do this, we must delve into the law regulating the budget and approving the accounts for 2019, published this Friday, July 31 in the Official Journal. Inside, it includes details of the amounts of the main tax revenues. These figures make it possible to understand the challenges in terms of tax policy, while a new budget bill (for 2021) will be presented by the government in September.

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281 billion euros. This is the sum of the net tax revenue the state collected last year. A figure obtained by subtracting from gross tax revenues (421 billion euros) tax refunds and reductions (140 billion euros). Among these 281 billion, a little less than half comes from the value added tax (VAT), 124 billion euros. This indirect tax, levied by companies but borne by consumers, plays a key role in public finances. So much so that it is one of the top priorities for Bercy in terms of tax audits.

Sometimes a symbol of the fiscal “fed up” of the French, income tax (IR) nevertheless represents a much smaller share than VAT - albeit not negligible - in the state budget. With 76 billion euros in 2019, it remains an essential resource for the smooth functioning of the country. A resource that weighs on the shoulders of a small number of French people. As the professor at Panthéon-Assas University, Martin Collet (Droit Fiscal, 2020) reminds us: “10% of households with the highest incomes pay 70% of the net income of the IR. Conversely, more than half of those subject to IR are not taxed for lack of sufficient income. " By way of comparison, the generalized social contribution (CSG) - a tax levy that affects income from work and capital, but which finances social protection (Social Security) - represents around 115 billion euros in revenue per year.

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Another symbol, which had in part launched the movement of yellow vests, the internal consumption tax on energy products (TICPE) generated 18 billion euros in 2019. Bercy specifies that “in general, TICPE is liable by professionals managing the production, import and / or storage [of petroleum products, editor's note]. The value of the fuel tax is then passed on to the price of the fuel. ”

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The small contribution of the corporation tax

A figure which is cause for concern: that of the corporation tax (IS). The State only recovered 27 billion euros in 2019. An amount which should decrease further in the years to come since the majority voted in the finance bill for 2018 a programmed decrease in the corporate tax rate until in 2022. This year, the corporate tax rate is 28% (or 31% for profits over 500,000 euros for companies with a turnover greater than or equal to 250 million euros. euros). In 2022, it will only be 25%. A wish of the government to make French companies more competitive, especially compared to their European competitors.

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