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Taxation In France
In France, taxation is determined by the yearly budget vote by the French Parliament, which determines which kinds of taxes can be levied and which rates can be applied. Overview Taxation in France covers all taxes, duties, fees, contributions and social security contributions imposed by the public authorities on French individuals and companies or those living in France. Taxes are thus levied by the government, and collected by the public administrations. According to INSEE, public administrations can be defined as "all institutional units whose main function is to produce non-market goods and services or to redistribute national income and wealth, and whose resources come mainly from compulsory contributions paid by units belonging to other institutional sectors". French "public administrations" are made up of three different institutions: * the central government, i.e. the national government or the state ("l'État") strictly speaking, plus various central government bodies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation
A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce negative Externality, externalities. Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct tax, direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy a flat tax, flat percentage rate of taxation on personal annual income, but most progressive tax, scale taxes are progressive based on brackets of yearly income amounts. Most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Deduction
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax. Above and below the line Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year 2018 in the U.S., for example, was $12,000 for a single taxpayer and $24,000 for married couple. Limitations Often, deductions are subject to conditions, such as being allowed only for expenses incurred that produce current benefits. Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Left-wing
Left-wing politics describes the range of Ideology#Political ideologies, political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy either as a whole or of certain social hierarchies. Left-wing politics typically involve a concern for those in society whom its adherents perceive as disadvantaged relative to others as well as a belief that there are unjustified inequalities that need to be reduced or abolished, through radical means that change the nature of the society they are implemented in. According to emeritus professor of economics Barry Clark, supporters of left-wing politics "claim that human development flourishes when individuals engage in cooperative, mutually respectful relations that can thrive only when excessive differences in status, power, and wealth are eliminated." Within the left–right political spectrum, ''Left'' and ''right-wing politics, Right'' were coined during the French Revolu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted Property rights (economics), property rights. In economics and political economy, there are three broad forms of property: private property, public property, and collective property (or ''cooperative propert''y). Property may be jointly owned by more than one party equally or unequally, or according to simple or complex agreements; to distinguish ownership and easement from rent, there is an expectation that each party's will with regard to the property be clearly defined and unconditional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenu Minimum D'insertion
The Revenu minimum d'insertion (RMI) was a French form of social welfare. It is aimed at people without any income who are of working age but do not have any other rights to unemployment benefits (such as contributions-based unemployment benefits). It was created in 1988 by Jean-Michel Belorgey, by the government of Michel Rocard (Socialist Party), and aimed at helping people who had the most problems with finding work. The RMI has been fully replaced by the '' Revenu de solidarité active'' (RSA) in 2009, after a transition starting in 2007. Eligibility Recipients must fulfill the following conditions: * be older than 25 or have children; * commit to finding work within 3 months of the first payment of benefit; * live in France and, for non-EU nationals, have proof of having lived there for a minimum of five years; * not be a pupil, student, or in work experience; * not be married, in a civil union or a domestic partnership with someone who does not fulfill the conditions. E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solidarity Tax On Wealth
The solidarity tax on wealth (, ISF) was an annual direct wealth tax on those in France having assets in excess of €1,300,000 (since 2011). It was one of the Socialist Party's 1981 electoral platform's measures, 110 Propositions for France. First named IGF (''Impôt sur les Grandes Fortunes''), it was abolished in 1986 by Jacques Chirac's right-wing government, but reestablished in 1988 as ISF in slightly different terms after François Mitterrand's reelection. In September 2017, the French Government abolished ISF and replaced it with the (IFI), from 2018. Scope The calculation applied to tax declarers, meaning that it could apply to a grouping of two individuals: married couples, cohabiting couples, or couples with a PACS. All global assets were taken into account for French residents; for others, the tax was based on assets that reside in France, with the exception of financial ones. The ISF was controversial; critics claimed it drove away wealthy individuals from the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance
Inheritance is the practice of receiving private property, titles, debts, entitlements, privileges, rights, and obligations upon the death of an individual. The rules of inheritance differ among societies and have changed over time. Officially bequeathing private property and/or debts can be performed by a testator via will, as attested by a notary or by other lawful means. Terminology In law, an "heir" ( heiress) is a person who is entitled to receive a share of property from a decedent (a person who died), subject to the rules of inheritance in the jurisdiction where the decedent was a citizen, or where the decedent died or owned property at the time of death. The inheritance may be either under the terms of a will or by intestate laws if the deceased had no will. However, the will must comply with the laws of the jurisdiction at the time it was created or it will be declared invalid (for example, some states do not recognise handwritten wills as valid, or only in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diesel Fuel
Diesel fuel, also called diesel oil, heavy oil (historically) or simply diesel, is any liquid fuel specifically designed for use in a diesel engine, a type of internal combustion engine in which fuel ignition takes place without a spark as a result of compression of the inlet air and then injection of fuel. Therefore, diesel fuel needs good compression ignition characteristics. The most common type of diesel fuel is a specific fractional distillation, fractional distillate of petroleum fuel oil, but alternatives that are not derived from petroleum, such as biodiesel, biomass to liquid (BTL) or gas to liquid (GTL) diesel are increasingly being developed and adopted. To distinguish these types, petroleum-derived diesel is sometimes called petrodiesel in some academic circles. Diesel is a high-volume product of oil refineries. In many countries, diesel fuel is standardized. For example, in the European Union, the standard for diesel fuel is EN 590. Ultra-low-sulfur diesel (ULSD) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Overseas Territories
Overseas France (, also ) consists of 13 French territories outside Europe, mostly the remnants of the French colonial empire that remained a part of the French state under various statuses after decolonisation. Most are part of the European Union. "Overseas France" is a collective name; while used in everyday life in France, it is not an administrative designation in its own right. Instead, the five overseas regions have exactly the same administrative status as the thirteen metropolitan regions; the five overseas collectivities are semi-autonomous; and New Caledonia is an autonomous territory. Overseas France includes island territories in the Atlantic, Pacific and Indian oceans, French Guiana on the South American continent, and several peri-Antarctic islands as well as a claim in Antarctica. Excluding the district of Adélie Land, where French sovereignty is effective ''de jure'' by French law, but where the French exclusive claim on this part of Antarctica is frozen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metropolitan France
Metropolitan France ( or ), also known as European France (), is the area of France which is geographically in Europe and chiefly comprises #Hexagon, the mainland, popularly known as "the Hexagon" ( or ), and Corsica. This collective name for the European regions of France is used in everyday life in France but has no administrative meaning, with the exception that only Metropolitan France is part of the Schengen Area. Indeed, the overseas departments and regions of France, overseas regions have exactly the same administrative divisions of France, administrative status as the metropolitan regions. Metropolitan France comprises mainland France and Corsica, as well as nearby List_of_islands_of_France#Islands_of_metropolitan_France, French islands in the Atlantic Ocean, the English Channel and the Mediterranean Sea waters. Its borders have undergone significant territorial evolution of France, changes over the centuries, particularly in the east, but have remained unaltered since 1947 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biofuel
Biofuel is a fuel that is produced over a short time span from Biomass (energy), biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic or industrial Biodegradable waste, bio waste. Biofuels are mostly used for transportation, but can also be used for heating and electricity. Biofuels (and bioenergy, bio energy in general) are regarded as a renewable energy source. The use of biofuel has been subject to criticism regarding the "food vs fuel" debate, varied assessments of their Sustainable biofuel, sustainability, and ongoing deforestation and biodiversity loss as a result of biofuel production. In general, biofuels emit fewer greenhouse gas emissions when burned in an engine and are generally considered carbon-neutral fuels as the carbon emitted has been captured from the atmosphere by the crops used in production. However, life-cycle assessments of biofue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
