New Law Shakes Up Taxes: 400,000 Households Affected, Pensions Adjusted for Inflation
December 22, 2024In the midst of these economic changes, François Bayrou is currently focused on forming his government.
Enacted on December 20, 2024, the special finance law includes a provision for adjusting all pensions based on inflation, directly affecting retirees.
A recent study by the Observatoire français des conjonctures économiques (OFCE) highlights the economic ramifications of a newly adopted special law.
The analysis examines the consequences of the absence of a budget and identifies the beneficiaries and those adversely affected by the abandoned measures of the 2025 budget.
Among the key measures that were abandoned are increased taxes on high incomes, modifications to income tax brackets, and a surtax on electricity.
The new legislation is set to add 400,000 households to the tax rolls, which will have a significant impact on the middle class.
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