One of the most productive measure in the new announced budgetary plan worked out by the Fillon government will impact the companies. Until now, the French companies subjected to the corporate income tax (at the 33,33 % rate), which realize fiscal deficits, have the possibility of postponing these losses without limitation of amount:
- Or on the fiscal profits of the previous 3 years (y-1, y-2, y-3) or on the profits of the next years (y +1), and it without limitation of duration. With this new measure, aiming to reduce the public debt, this possibility will be limited for the profitable companies.
This means that deficits can be imputed only on the profit of the previous year (y-1). In case of existing not imputed surplus, it will be put back forward on the following year (y+1).
For the transfer in front of the deficits: the negative results cannot be any more imputed forward (y+1) beyond 60 % of the realized profits.Whatever is the amount of the past deficits, the profitable company will have to pay a corporate income tax calculated on at least 40 % of the positive result. The fraction not imputed by the deficits will be postponed over the next years.
The stakes are high as at the end of 2010, the global volume of these deficits to be carried forward amounted to 315 billions euros, among those 160 billions were concerning 2011. The estimated savings for the French budget are up to 1.5 billion euros. We also can notice that this measure allows the French government to get closer from the German fiscal law on that specific concern.