Former Prime Minister Gabriel Attal, alongside 100 Macronist politicians, has urged the government to retract its plans to cut the VAT threshold for micro-entrepreneurs to €25,000. This move threatens to impact over 200,000 individuals, especially young entrepreneurs, and could stifle economic growth and business creation. Current regulations allow higher earnings without VAT, but reducing the threshold could increase taxes and hinder entrepreneurial opportunities. The finance ministry has temporarily paused the proposal amidst growing dissent, highlighting the delicate nature of policy changes affecting small businesses in France.
Attal's open letter warns that lowering the VAT threshold to €25,000 could jeopardize the livelihood of over 200,000 micro-entrepreneurs, particularly impacting younger individuals.
The current proposed changes, which target the VAT threshold, are poised to hinder entrepreneurial activity, effectively raising taxes and stifling business creation in France.
The government's initiative to lower the VAT threshold received backlash, leading finance ministry to pause its enforcement for further consultation with micro-entrepreneurs.
Over 100 Macronist politicians, including ex-ministers, echoed Attal's sentiments, emphasizing the necessity to protect the entrepreneurial ecosystem critical to the French economy.
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