France recently finalized its 2025 Budget, reflecting a series of compromises aimed at maintaining short-term stability for the government. Key components include a pause on unpopular VAT threshold changes impacting micro entrepreneurs—those in lower earning brackets like freelancers and sole traders. In contrast, tax increases on larger businesses and higher earners went ahead, suggesting a willingness from the government to push back against dissent from prominent figures like billionaire Bernard Arnault. Overall, the Budget appears cobbled together, triggering clarifications from the finance ministry and highlighting underlying tensions in the fiscal landscape.
This year's Budget indicates a significant compromise, managed to ensure government stability at least for the short term, despite widespread dissatisfaction with its measures.
The government's decision to maintain a paused VAT threshold change showcased the tension between fiscal responsibility and protecting small business owners from increased burdens.
Collection
[
|
...
]