Bruno Le Maire wants to continue lowering charges and taxes to reindustrialize – Bourse Direct

The Minister of the Economy Bruno Le Maire indicated on Monday that he wanted for the next five-year term to continue to lower production taxes as well as charges on wages above 2.5 Smic in order to reindustrialize France.

“We must first continue to improve competitiveness, we must continue to lower production taxes, we must question the C3S and we must wonder about the reduction in charges above 2.5 Smic “, declared the minister during a press conference in Bercy.

Two production taxes have been reduced by 10 billion euros per year since 2020, the CVAE (contribution on the added value of companies) and the CFE (property contribution of companies).

The C3S (social solidarity contribution of companies) concerns companies and affects turnover in excess of 19 million euros. It is used to finance old age insurance.

“Secondly, we must continue to fight for non-cost competitiveness and the improvement of the French offer”, added Bruno Le Maire, who criticized an “industrial desertion for 30 years” for which he made responsible the successive governments but also the French captains of industry who have relocated on a massive scale abroad, believing “that it was better to sail outside territorial waters”.

“The weakness of our foreign trade is a reflection of the weakness of our internal economy”, he added, adding “that there is no great nation with an external balance which remains permanently in deficit”.

French customs on Friday announced a record trade deficit for November of 9 billion euros.

According to the minister “the only solution is the industrial reconquest of a country which has fallen from 22% of its GNP to just under 10% and which must return to around 20%”. “It will be long, difficult, it will require courageous decisions but it is the condition of national prosperity”, asserted Bruno Le Maire who makes industrial reconquest his priority for the next five-year period alongside the restoration of public finances.

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