Yellow West: Now Macron thinks of tax deals

the President of France Emmanuel Macron is looking for a way out of the since weeks of heavy yellow-West crisis. On Monday morning, was received by the head of state, top representatives from politics and business in the elysée Palace. In fact, the media should according to reports about billions in tax and Duties relief is spoken. On the evening of Macron from his headquarters, wanted to turn in a TV address to the French people.

After renewed massive yellow West-riots and riots at the weekend Macron is under pressure to act. The President wanted to vote at the Meeting with representatives of the major trade unions, the employers, as well as the President of the national Assembly and the Senate, and suggestions to hear what answers it can give to the ongoing protests by the Yellow jackets. According to observers, it is the worst crisis since Macrons took office in may 2017.

On Saturday, more than 100’000 people were back on the road gone, a minimum of 10’000 in the capital to demonstrate in favour of more taxation and higher purchasing power. It's the fourth weekend in a row, to be called the movement of the yellow West is in a large scale protests. In Paris it was came again to violent riots.

The protest movement of the yellow West had increases in mid-November due to a planned tax on fuel is formed. This project has put the center of government due to the week-long protests, in the meantime, on ice. The demands of the protesters today, however, much more from tax cuts over more spending power to withdraw Macrons.

the promise and The billion-Problem

are the citizens brought forward, now, billions of tax and tax relief in the conversation, among others, reported the newspaper "Le Figaro". A faster elimination of the flat tax and bringing forward a planned exemption from social contributions on Overtime included. Also going to talk about the elimination of taxes and social contributions to the special premium of the company.

Such facilities would France come to be expensive. Alone, avoiding the need to Raise the fuel tax in the coming year, with billion. Actually, the French had promised to restore the public finances and the Maastricht deficit limit of three percent of the economy to comply with the performance permanently.

Now France threatens to, once again, the Three-percent threshold does not comply with. So far, the planning for 2019, provides for a budget deficit of 2.8 percent of economic output. For the first time since 2007, France was in the year 2017, with a value of 2.6 percent below the threshold.

On Monday, the Banque de France, a halving of the predicted growth rate of the gross domestic product for the fourth quarter. This deck is now only 0.2 percent. Reason for the impact of the protests of the yellow West. "In November, the current movement has influenced the industrial production in various sectors," it said.

economy Minister Bruno Le Maire warned in an Interview with French broadcaster RTL that the protests could spook foreign investors. "I see the impact the foreigners, obviously this is not good for the attractiveness of our country," the Minister said. "Now it is important that we end this crisis and a just peace, and harmony between the French." (nlu/sda)

Created: 10.12.2018, 15:26 PM