French President responds to protests
Paris, 10 December 2018
Turning this anger into an opportunity
Following the events of recent weeks, the French President has declared a “state of economic and social emergency”, to allow working people to be better able to support themselves.
The concrete measures for your daily lives are:
• This year’s increase in supplementary social security contributions (CSG) will be cancelled in 2019 for retirees with incomes of €1,200 to €2,000 per month;
• In 2019, overtime will be exempt from taxes and charges;
• Employers will be able to pay an end-of-year bonus that will be exempt from taxes and charges;
• As I pledged during my campaign, workers earning the minimum wage will make an additional €100 per month, without employers having to pay one euro more, and this will begin in 2019 rather than being spread out throughout my five-year term.
To build a France based on merit and work, the President wanted the government and Parliament to do more to end unfair advantages and tax evasion.
• The heads of major French companies must pay their taxes in France;
• Major companies that make profits in France will have to pay tax in France.
These transformations will come about only with you. A great national debate will take place in every region.