It speaks of archaism but heritage is often taxed abroad

Muscular. To the end of its quinquennium, Nicolas Sarkozy will have served its wealthy clients. He began with the original fault of the tax package, 50 dilapidated billion on the quinquennium, Editor's note, it ends with the virtual disappearance of the ISF. The loop is buckled. Nicolas Sarkozy may do so: it remains and will remain the Chairman of the rich. The reform we proposed, it is two tax shields for the price of one. It will cost 1.8 billion, double the current shield and promote less than 2 of taxpayers, owners of large estates. In addition, this reduction will be applied immediately while the shield will continue to produce its effects until 2013. The wheel of fortune has always focused in the same direction in this legislature. It is all the more shocking that efforts are required to reduce a substantial deficit.

Must be a tax on heritage in France. It speaks of archaism, but heritage is often taxed abroad. If we apply the same taxation on real estate than in the United States or England, the sum of the ISF and property taxes would be not to 19 billion as today but to 25 billion! Then, that we do us not believe that the ISF is confiscatory. And then, much of the exemption from the patrimonies below EUR 1.3 million, but the more advantaged by the reform, it is the most important heritages, who see their rate of EWB divided by three.

We will undertake a much broader tax site, in contrast to this reform, which looks more at the DIY before election. With one objective: that the tax on capital is the same as on the work. The France rises early and hard-working is today more imposed than that which holds the heritage. The annuity is an advantage. The Party of the tax, it is the UMP which transfers for ten years the support of the wealthy to the middle classes and the popular classes. Our reform project gives justice to the place and benefit productive investment.

The National Assembly must have a transparent debate on this legitimate question. I know that there are concerns about support for artistic creation, but I also know that large fortunes are the ISF through this. This, it cannot ignore it. After, he should look what may be the best solution to address this, knowing that it is not easy to assess and control works of art. Could opt for a higher taxation of capital gains on sales of art object. The debate should not focus only on this topic: as the amendment should not be a curtain of smoke hiding the reality of this reform of the ISF. We will demonstrate that the Government, if it abandons the boulet of the shield, not waive nothing substantive. The 1.900 households who have 17 million heritage will see their EWB reduced by an average of 370,000 euros.

That do really! The introduction of this additional tranche referred to by the UMP Deputies is constantly postponed, and it will again be returned to further studies...

Yes, if Governments are committed, as did the European Parliament. And we will push them to do so with the SPD, our German counterpart. We have worked in common for several weeks in this draft resolution for a tax of 0.05 on financial transactions, which, if approved by the National Assembly Thursday, will impose a duty to act to the Government. The same day, the Bundestag will discuss the same resolution in Berlin.