Overview

• Amélie de Montchalin, France's Minister of Public Accounts, has proposed cutting 10% of the country's 467 fiscal niches, aiming to recover €8 billion for the state.
• The initiative seeks to phase out tax exemptions deemed outdated or benefiting only a small number of individuals, some with fewer than 100 beneficiaries.
• The total cost of these fiscal niches is estimated at €85 billion, with the government emphasizing fiscal consolidation without raising taxes.
• Savings from the cuts could potentially fund tax reductions for the broader public, aligning with the government's commitment to equitable tax policy reforms.
• Key exemptions for essential services, such as childcare, elderly care, and home services, will remain unaffected to protect social equity.