French MP releases business tax simplification plan
09 July 2013
Matthew Gilleard - ITR
The French Ministry of Finance has released a tax simplification plan, authored by politician Thierry Mandon, which could see interaction and cooperation between taxpayers and tax authorities reach new levels.
Mandon’s simplification plan would streamline
and reform the research tax credit (CIR) provisions, lower the
administrative burden associated with a tax audit, and simplify
corporate tax returns, among other measures. "I will propose to
the President a gear shift," said Mandon. "If we are given the
means, I can guarantee, with a three-year plan, that it is
possible to reduce, by 80%, the burden of administrative
complexity for companies. These figures are supported; and this
is what I saw abroad." Mandon also wants the simplification
process to trigger reconciliation between business and
government officials. Dispelling any adversarial relationship
should benefit both sides in understanding the intentions and
tax policies of authorities and companies. "I think our backs
are against the wall. The rebound of the national
economy’s competitiveness requires reconciliations
of this type. It will happen, I think," said Mandon. "We will
tell companies: "Look, officials are not your enemies....
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