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News > Archived News > CIAT News > Overview of the tax innovations in France for 2010

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The numerous tax measures of the finance law for 2010, of the amending finance

Object 1

law for 2009 and other regulations anticipated for 2010, have as main characteristic the desire of the indepth reform of French taxation. The objective of these measures is to promote the competitiveness of the economy by reducing the tax burden, which affects, in particular, future expenditures (investment, innovation) and make the tax tool available to the environment. Efforts continue as well for achieving greater international tax transparency and reinforcing the struggle against illegal activities.

Promoting investment and innovation The professional tax which was the main local tax paid by businesses and the main resource of the territorial communities. A new territorial economic contribution will enter into force on January 1st, 2010. It consists of a quotation based on the values of real estate property of the businesses and a complementary quotation whose base will be the value added. This reform which results in a medium term tax reduction of approximately 5.8 billion Euros per year for the companies will consolidate the entrepreneurial structural productive investment, as well as reinforce the employment capacity.

With a view to sustaining the treasury of the innovative companies, it was decided to extend the system established in 2008 within the framework of the economic reactivation plan which involved the immediate refund of the tax credit anticipated for research and development. In this way, companies will continue to benefit from the immediate refund of a tax credit equal to 30% of research expenses incurred Turing the year, with a limit of 100 million Euros. Approximately 2.5 billion Euros will be contributed to the treasury of the innovative companies. Making the tax tool available to the environment To promote restraint behaviors with respect to carbon and reduce gas emissions in accordance with France’s international commitments, a rate on energetic products sold, used or intended to be used as carburetant or fuel will enter into force on July 1st, 2010. Based on the contents of carbon of taxable products, this rate will be calculated on the basis of the cost of a ton of carbon set at 17 Euros for 2010. Specifically, the carbon rate will increase by 4.11 cents of a Euro, the price per liter of gasoline and by 4.52 cents of a Euro the liter of gas oil. The main challenge of the new rate is to follow up an in-depth change of behaviors as regards the consumption of fossil energy, but in a progressive manner. For this purpose, an income tax credit is established for 2010, to refund to individual taxpayers the amount of

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