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The exit tax, buried by Emmanuel Macron, will finally be replaced

The exit tax, buried by Emmanuel Macron, will finally be replaced

Emmanuel Macron was controversial in the promise of removal: Bercy said Saturday, September 15 that "the exit tax", intended to curb the tax exemption of entrepreneurs, would in fact be "replaced" by a "more targeted".

"The exit tax as it is now will be removed," Bercy insisted and defended the controversial promise the President had made last May.

"Les Echos", who revealed the case on their website on Saturday, writes to them that "the supervisor waives the removal of the exit tax".

"Anti-abuse device"

The new "anti-abuse device" will focus on the sale of assets up to 2 years after leaving France, for up to 15 years at this time, AFP told a spokesman for the ministry. It is clear that it would tax taxpayers who emigrate for the sole purpose of selling their business or their shares without paying tax on the profits made.

The exit tax was introduced in 2011. This tax relates to the "unrealized capital gains" of entrepreneurs who decide to transfer their domicile abroad, in case of an effective transfer of their assets in France. fifteen years after their departure.

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