Macron wants to modulate the taxation of fuels according to the price of oil

The President of the Republic proposed Tuesday to adapt every three months the increase in ecological taxation on fuels to the evolution of oil prices. In 2000, the Jospin government implemented a similar measure, before dropping it two years later.

It is a short sentence, uttered during a long speech, which did not go unnoticed. Emmanuel Macron announced Tuesday, on the sidelines of the presentation, that fuel taxation would be adapted to price fluctuations in order to limit the impact for the French who use their car a lot. “I refuse that the ecological transition accentuates the inequalities between territories and makes the situation even more difficult for our fellow citizens who live in rural or peri-urban areas”, declared the Head of State. The framework of the device will be discussed in mid-December, during the second reading review of the 2019 finance bill, said the Elysee.

» AND DIRECTLY –

With this mechanism, Emmanuel Macron wishes to “build a method to make the fuel tax smarter”, “today a little blind”. Concretely, “in the event of a new peak in prices, the government may decide to suspend or reduce the tax increase that took place at the start of the year, so as not to unnecessarily aggravate the already strong increase in the price at the pump,” he explains. on the side of Matignon. Appointments would be set every quarter to judge whether or not it is necessary to mitigate the effect of the tax in the event of a surge in the price of oil. The adjustments should not affect the increases of previous years, but may affect the increase in taxes for the current year. “The exact calendar of the increase is adjustable and it can be decided during the year to put the increase in brackets for one or two quarters, if the price of the barrel peaks”, specifies Matignon while confirming the maintenance of the increase of the carbon tax.

Matignon and the ministries concerned will be in charge of the file. This idea of ​​modulating taxes was notably defended in an interview with Figaro. But Matignon had previously ruled out the hypothesis.

An idea of ​​the “old world”

However, the idea of ​​adapting fuel taxation to price fluctuations is not new. From October 2000 to July 2002, at the initiative of Laurent Fabius,. The domestic consumption tax on petroleum products (TICPE), formerly the domestic consumption tax on petroleum products (TIPP), was required to vary according to increases and decreases in the price of Brent. In fact, it was about increasing its rate when the price of crude oil was falling, and vice versa: reducing the TIPP when the price was soaring. The whole in order to smooth and control the prices at the pump to avoid that the amount of the full flies away. Especially since the VAT, mechanically by its principle, tends to increase the bill in the event of an increase in the price of oil.

But this device had not had the desired effect, hence its premature end only two years after its launch. The mechanism had turned out to be particularly expensive and relatively efficient. At most, the tax reduction was only 2.19 cents per liter … On the other hand, the overall financial weight of this measure had been much heavier. “The budgetary impact of the floating TIPP resulted in a decrease in the income of the TIPP of 2.7 billion euros for the period from October 1, 2000 to July 21, 2002 during which the increase in the prices of the Brent resulted in additional VAT revenue of around 1.4 billion euros, ”estimated a report from the Court of Auditors in 2005. An experience of bad omen for Emmanuel Macron and his future device.

– Watch on Figaro Live

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