The French General Inspectorate of Finance (IGF) has found that 192 taxes in France each yield less than EUR150m (USD208m), and has advocated abolishing two-thirds of them. The report has been prepared by the IGF on behalf of the French Budget Minister within the framework of the Government’s plans to reform taxation.
The IGF said that these small taxes account for just EUR5.3bn of the total EUR284.3bn revenue anticipated in 2014.The IGF has therefore recommended that the Government axe up to 120 levies, and issue a circular prohibiting the introduction of obscure and inefficient taxes in the future. The IGF was asked to draw up an inventory of all small taxes in France, with a view to simplifying the tax system.
