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French Lawmakers Pass Social Security Budget

by Ulrika Lomas, Tax-News.com, Brussels

06 December 2012


The French National Assembly has adopted the country’s 2013 social security finance bill (PLFSS), providing for around EUR5bn (USD6.5bn) in additional tax revenues and for savings totaling around EUR2bn.

The adoption of the text by the French National Assembly, by 318 votes to 228, follows the Senate’s rejection of the bill during a first and second reading. The National Assembly constitutionally has the last word.

According to the French Socialists, the measures are designed “to redress the public accounts and to improve the health” of individuals in France.

Among the most emblematic measures contained in the PLFSS are plans to impose an “additional solidarity contribution” of 0.3% on taxable retirement pensions, to increase the taxes on tobacco and to raise the excise duty on beer.

Other measures provided for within the framework of the bill include plans to institute a specific tax of EUR50 per hectoliter on energy drinks containing at least 0.22 grams of caffeine per liter or 0.3 grams of taurine per liter

The government also plans to allocate a further EUR2bn to hospital budgets.

The PLFSS 2013 is designed to assure a “dignified retirement” for all individuals in France, to facilitate access to care for all, to support families and to protect employees.

TAGS: individuals | tax | pensions | energy | public health | employees | retirement | budget | tax rates | social security | France

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