France has announced plans to reform the tax system in 2015. Changes are likely to fuse personal income tax with the generalized social contribution (CSG).
Sunnyvale, CA 94085, U.S, January 8, 2014 - (PressReleasePoint) - France has announced plans to reform the tax system in 2015. Changes are likely to fuse personal income tax with the generalized social contribution (CSG). Interestingly, such a move may need detailed analysis due to a structural difference between these two taxes. Tax incentives do not affect the tax base of the CSG; thus, CSG has a broader tax base than personal income tax. Moreover, the CSG is deducted from the taxpayer's salary.
The new reforms of the tax system may also lead to the implementation of a new withholding tax system for personal income tax and the elimination of some personal income tax incentives.
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