US EditionAs Oil Prices Rise, France Suggests Extra Tax Could Help Phase Out Fossil Fuels
14 Articles
14 Articles
DECRYPTAGE - Sébastien Lecornu caused the trouble by evoking "possibly excess tax revenues associated with the rise in fuel prices".
As oil prices rise, France suggests extra tax could help phase out fossil fuels
As the war in the Middle East drives up prices of petrol and gas, France wants to use additional tax revenue generated to fund the country’s move away from fossil fuels – but some analysts say any extra returns are offset by rising costs and inflation.
leprogres.fr
Sébastien Lecornu promised on Wednesday to use any additional tax revenue from rising fuel prices to electrify the economy, while the litre of gasoline now costs two euros on average. But given the context, economists are puzzled about the existence of tax "surpluses".
The government has acknowledged that the government, as a result of the increase in taxes, has accumulated a surplus of revenue due to the surge in fuel prices and is committed to using it to finance a country's electrification plan and thus to get out of the dependence on oil. Nor does the executive exclude new targeted aid for professionals who use their vehicles a lot, especially for liberal nurses who did not benefit from the first measures …
In the face of rising prices at the pump, the executive favours the financing of electrification rather than a general reduction in taxes The government promised on Wednesday to use some
The government is due to present next week its electrification plan, designed to reduce France's dependence on imported fossil fuels, whose prices have been blazing since the beginning of the Middle East war a little more than a month ago.
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