Lower costs: the finance sector benefits

Lower costs: the finance sector benefits

Which sectors are benefiting the most from the drop in levies?

Lower costs: the finance sector benefits

These are the big winners. Financial services, such as trading rooms, banks and insurance companies, have benefited greatly from the lower charges granted to businesses. The sector should receive 38% of the reductions in levies, or five billion euros. In second position, trade will recover 18% of the reductions in levies, ahead of industry, which completes the podium, with 16% of the decreases.

A reduced tax burden on the financial sector

A large contributor to corporate income tax, the financial sector will also benefit from its reduction in the years to come. “The financial sector makes a relatively good living. He pays a big corporate tax. Today, it contributes enormously to corporate income tax, but tomorrow, by reducing this tax by eight points, it will benefit in return.“, Analyzes economist Michel Ruimy.