Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Macron’

All the Taxes in France

Posted by hkarner - 9. Dezember 2018

Date: 08-12-2018
Source: The Wall Street Journal By The Editorial Board

Even before the fuel tax, France had the highest burden in the West.

The world knows about the misbegotten fuel tax that has triggered the riots for which Paris is again preparing on Saturday. But the political wonder is that President Emmanuel Macron would think the French needed another increase in a country that is already the most heavily taxed in the developed world. This is a deeper cause of the political crisis engulfing Mr. Macron.

The Organization for Economic Cooperation and Development (OECD) released its annual Revenue Statistics report this week, and France topped the charts, with a tax take equal to 46.2% of GDP in 2017. That’s more than Denmark (46%), Sweden (44%) and Germany (37.5%), and far more than the OECD average (34.2%) or the U.S. (27.1%, which includes all levels of government).

France doesn’t collect that revenue in the ways you might think. Despite the stereotype of heavy European income taxes on the rich, Paris relies disproportionately on social-insurance, payroll and property taxes. Social taxes account for 37% of French revenue; the OECD average is 26%. Payroll and property taxes contribute 3% and 9%, compared to the OECD averages of 1% and 6%. Den Rest des Beitrags lesen »


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French government reconsiders wealth tax as protests intensify

Posted by hkarner - 6. Dezember 2018

Solidarity tax on wealth may be reimposed amid widening gilets jaunes movement

Emmanuel Macron. The gilets jaunes movement has grown to encompass wider anger against his government. Photograph: Anadolu Agency/Getty Images

The French government will consider reintroducing taxes on the most wealthy in what is seen as a further measure to appease the gilets jaunes protesters threatening to destabilise Emmanuel Macron’s presidency.

Lifting part of the impôt de solidarité sur la fortune (ISF, solidarity tax on wealth) was a pillar of Macron’s election campaign and one of the first fiscal measures he implemented on taking power in May 2017, leading to his nickname “president of the rich”.

On Wednesday, as gilets jaunes (yellow vests) vowed to continue protests that have seen parts of Paris in flames and violent clashes with police, the government’s spokesman Benjamin Griveaux admitted ISF could be reimposed.

Reintroducing the wealth tax has been one of the demands of parts of the gilets jaunes movement that grew out of anger at rising taxes on petrol and diesel. Den Rest des Beitrags lesen »

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Why and how Emmanuel Macron seeks to lead Europe

Posted by hkarner - 17. November 2018

Date: 15-11-2018
Source: The Economist

The president’s ambitions are huge but necessary. Achieving them will be hard

Alongside dozens of their peers, today’s leaders of France and Germany—Emmanuel Macron and Angela Merkel—walked in moving spectacle to the Arc de Triomphe on November 11th, a century after their countries’ murderous guns fell silent. “Will this be the resounding symbol of a lasting peace between nations?” asked Mr Macron of the assembled potentates, including Donald Trump and Vladimir Putin; or “a last moment of unity before the world darkens into a new disorder?”

Mr Macron’s grave words frame what is set to become a polarising debate in Europe over the coming months: between the defenders of the liberal order and post-war institutions, and the rising forces of nationalism. Ahead of elections next May to the European Parliament, the French president has boldly (some might say hubristically) cast himself as the guardian of the continent’s democratic values, and loses no opportunity to underscore what is at stake. “Old demons are rising again, ready to complete their task of chaos,” he declared, to a scowling Mr Trump and a poker-faced Mr Putin in Paris. Mr Macron does a fine job of laying out the battle of values confronting Europe. Yet if the French president is to do anything about it, he needs two things: first, a solid centrist political base at the European level, like the one he forged last year in France with En Marche. Then, he needs to win support for his European reform agenda from other countries, especially Germany. Den Rest des Beitrags lesen »

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Partei von Marine Le Pen überholt Frankreichs Präsident Macron

Posted by hkarner - 4. November 2018

Stand: 10:42 Uhr, welt.de, 4/11

Die Stimmung in Frankreich schlägt um: Ein halbes Jahr vor der Europawahl hat die rechte Partei von Marine Le Pen die En-Marche-Bewegung von Präsident Emmanuel Macron in der Wählergunst überholt.

Quelle: WELT / Christoph Hipp

Eine Umfrage zur Europawahl in Frankreich sieht die Partei der Rechtspopulistin Le Pen vor der von Präsident Macron.
  • Bei der Präsidentenwahl konnte sich Emmanuel Macron noch gegen Marine Le Pen durchsetzen.
  • Für den rechten Block aus vier Parteien in Frankreich würden der Umfrage zufolge 30 Prozent der Befragten stimmen.
In Frankreich hat die rechtspopulistische Partei von Marine Le Pen, Rassemblement National (RN), in einer Umfrage zur Europawahl im nächsten Jahr die Partei des amtierenden Präsidenten Emmanuel Macron überholt. Macrons LREM kam demnach in der Befragung nur noch auf 19 Prozent der Stimmen und verlor gegenüber der letzten Umfrage einen Punkt. 21 Prozent der französischen Wähler gaben an, sie würden bei der Europawahl RN wählen.

Damit legte die Partei von Le Pen gegenüber der letzten Umfrage deutlich um vier Prozentpunkte zu. Zusammen mit den Parteien von Nicolas Dupont-Aignan sowie zwei „Frexit“-Parteien von ehemaligen politischen Weggefährten von Le Pen kommen rechte Parteien insgesamt auf 30 Prozent der Stimmen in der Befragung, berichtet die Nachrichtenagentur Reuters.

Die konservative Partei Les Républicains von Laurent Wauquiez kommt hingegen nur noch auf 13 Prozent, die linke Partei Insoumise, die von Jean-Luc Mélenchon geführt wird, sackte von 14 auf nur noch elf Prozent ab.

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Emmanuel Macron’s deepening problems

Posted by hkarner - 21. Oktober 2018

Date: 18-10-2018
Source: The Economist

They are more of style than substance, but still matter

For a politician with a passion for theatre, Emmanuel Macron has a poor mastery of suspense. On October 2nd he lost his interior minister, Gérard Collomb, who had complained about the French president’s “lack of humility”. It took him two weeks to find a replacement, and the longer the wait went on, the more it fuelled conjecture. Was the president too enfeebled to attract good candidates? Was his young party’s talent pool that shallow? Might even the prime minister, Edouard Philippe, be having second thoughts? On October 16th, when Mr Macron finally unveiled his new team, it was a mix of unknowns and loyalists that scarcely made a splash.

If Mr Macron was hoping to reboot his presidency with a headline-grabbing line-up, this was not it. The solid but discreet Mr Philippe remains in his job, as does Bruno Le Maire, the finance minister. Into the interior ministry steps Christophe Castaner, the outgoing head of La République en Marche (lrem), the party Mr Macron founded just two years ago. A former Socialist, he brings political balance to a government led by an ex-Republican, Mr Philippe. A one-time mayor from south-east France, who never attended elite Parisian schools, the burly Mr Castaner is also a useful counterpoint to Mr Macron, a former investment banker and graduate of the high-flying Ecole Nationale d’Administration. No specialist in security, Mr Castaner is backed by a new junior minister, Laurent Nuñez, the outgoing head of the domestic intelligence service. Den Rest des Beitrags lesen »

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France’s Macron, Celebrated Abroad, Faces Isolation at Home

Posted by hkarner - 10. Oktober 2018

Date: 09-10-2018
Source: The Wall Street Journal

Support has tumbled amid chronically high unemployment and a slowing economy

Emmanuel Macron’s approval ratings have tumbled to as low as 29% in September from 50% at the start of the year.

PARIS—The presidency of Emmanuel Macron has reached a tipping point.

Viewed from abroad, the 40-year-old former investment banker is a poster boy for international cooperation, widely applauded for speeches like his recent United Nations address denouncing protectionism and nationalism.

At home, however, Mr. Macron is increasingly isolated. His cabinet is heading for a shuffle, after two prominent ministers, including one of his earliest allies, abruptly resigned from government. The French economy, growing at a rate 1.6% this year, has fallen behind the rest of Europe. And the labor market overhaul Mr. Macron decreed a year ago has done little to lower France’s chronically high unemployment.

That malaise represents an acute threat to Mr. Macron’s signature cause—deeper European Union integration as an answer to growing nativist movements across the blocbecause the French leader himself has argued that France can only lead the EU if it shines as a model to other member states. It also undercuts the ethos of free markets and trade that Mr. Macron has come to represent in France and beyond. Den Rest des Beitrags lesen »

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Macron urges EU leaders to stand firm against Theresa May

Posted by hkarner - 21. September 2018

Date: 20-09-2018
Source: The Guardian

French president says EU should resist prime minister’s calls for compromise on Brexit

Emmanuel Macron in Salzburg said blocking any attempt by the UK to pick and choose EU membership had to be the priority.

Emmanuel Macron has appealed to his fellow European leaders to maintain their tough approach to Brexit in response to Theresa May’s demand for compromise and accusations that the French president wants to make Britain suffer.

Macron, who is fighting a rearguard action against the rise of populism in Europe, said blocking any attempt by the UK to pick and choose elements of EU membership had to be the priority in the dying days of the Brexit negotiations.

“May spoke last night,” Macron said of the UK prime minister’s presentation to the leaders in Salzburg. “My first wish is to stay united and to have a common approach, the 27. It is essential. The second thing is that we remain coherent. The solution must be found. The third thing is that we need to have a real retirement agreement by November.” Den Rest des Beitrags lesen »

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French Environment Minister Nicolas Hulot Quits, Exposing Tensions in Macron’s Coalition

Posted by hkarner - 30. August 2018

Date: 29-08-2018
Source: The Wall Street Journal

The departure exposes fractures in France’s governing coalition

Nicolas Hulot, center, announced his resignation during a live radio interview before telling President Emmanuel Macron, right.

PARIS—A key figure on the left of Emmanuel Macron’s governing coalition quit as environment minister Tuesday, exposing a rare fracture in the alliance and undercutting the French president’s efforts to calm leftist supporters restive over his pro-business agenda.

Nicolas Hulot, a hero of the left, environmental campaigner and former TV host, delivered a broadside to the Macron government by announcing his resignation during a live radio interview. Mr. Hulot said he hadn’t yet spoken with the president about his resignation, though he has been publicly flirting with the idea for months.

“I don’t want to lie to myself anymore,” Mr. Hulot said. “So I’m deciding to leave the government.”

Benjamin Griveaux, the government’s spokesman, said Mr. Hulot’s work as a minister had been “useful for the country,” but disapproved of how he handled the resignation. “I think the most basic courtesy would have been to warn the president and prime minister,” Mr. Griveaux said. Den Rest des Beitrags lesen »

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‘Revolution Française’ Review: The March of Macron

Posted by hkarner - 14. August 2018

Date: 13-08-2018
Source: The Wall Street Journal

In the span of one year, Macron created his own political party, took out his rivals on the left and the right, and became president of France. Philip Delves Broughton reviews “Revolution Française” by Sophie Pedder.

French President Emmanuel Macron at Versailles.

The presidency of France’s Fifth Republic was tailored for Charles de Gaulle. Subsequent presidents have tried to alter it to their own personalities, with varying degrees of success—the jacket billows out, the pants sag around the knees. But when Emmanuel Macron burst from political obscurity and into office in 2017, he seemed to throw out de Gaulle’s old threads and replace them with his own slim-cut navy suit, the uniform of France’s young professional class.

In the span of one astonishing year, from 2016 to 2017, Mr. Macron created his own political party, La République en Marche, and took out his rivals on the left and the right. He out-campaigned and raised more money than the stagnant major parties. He canvassed voters door to door, a technique that may be standard in many countries but is an act of scandalous populism in France. And he used digital databases to identify potential voters, something Paris’s political barons considered too outrageously modern. On the night of his election, Mr. Macron was 39 years old. Den Rest des Beitrags lesen »

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Macron and the Piranhas

Posted by hkarner - 29. Juli 2018

Bernard-Henri Lévy is one of the founders of the “Nouveaux Philosophes” (New Philosophers) movement. His books include Left in Dark Times: A Stand Against the New Barbarism, American Vertigo: Traveling America in the Footsteps of Tocqueville, and most recently, The Genius of Judaism.

Ever since Alexandre Benalla, a now-former security aide to French President Emmanuel Macron, was caught on video beating up demonstrators on May 1, France’s populists have been leading a political feeding frenzy. By focusing on Benalla, they hope to bring down another of Europe’s few remaining liberal leaders.

PARIS – The faults of Alexandre Benalla, a former top security aide to French President Emmanuel Macron who was caught on video beating up a demonstrator on May 1, are inexcusable. And it is well understood that Macron committed several errors of judgment by trusting for too long a young, inexperienced, showy bruiser who imagined himself to be a cop or a hooligan. Credit is owed to the journalists who compelled the Elysée Palace to end two and a half months of culpable silence and cut ties with Benalla.1

But beyond this scandal lies a more chilling sequence of events. Paralyzed by Macron’s steady drumbeat of important reforms, his opponents found in the Benalla scandal, at long last, a good fight to fight. But no one should revel in the fact that it was far-right leader Marine Le Pen and far-left leader Jean-Luc Mélénchon who led the attacks on Macron for his silence about his thuggish aide. There was something deeply hypocritical in the spectacle of these old warhorses, who rely so often on their own redneck guerrillas, defending the police against the “militias.”1 Den Rest des Beitrags lesen »

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