Christophe Ferrari denounces the announced abolition of the CVAE – US Sports – US Sports –

Posted: September 14, 2022 at 12:53 am

IN BRIEF While the Minister of Economy and Finance Bruno Le Maire confirmed the forthcoming abolition of the contribution on the added value of companies (CVAE), Christophe Ferrari shows the niche and denounces political and financial nonsense . For the president of the Metropolis of Grenoble, the measure will be harmful to companies and could weigh heavily in the coffers of the Metro.

The abolition of the CVAE is political and financial nonsense . This is how Christophe Ferrari comments on the announcement by Bruno Le Maire, Minister of the Economy and Finance, of the abolition of the contribution on the added value of companies, spread over two years. An announcement that comes as no surprise, since the Prime Minister had already mentioned it in her general policy speech.

Problem ? The CVAE is a local tax, which benefits in particular the regional councils (up to 50%), but also the departmental councils, the municipalities and the intermunicipalities. Unsurprisingly, the president of Grenoble-Alpes Mtropole (also mayor of Pont-de-Claix) Christophe Ferrari sees, therefore, with a very bad eye this announcement.

Political nonsense? This amounts to thinking that local authorities do not work with companies in their territories. , castigates the chosen one. For who investments made by local authorities [] are also essential elements of the well-being, the attractiveness and the dynamism of our territories and therefore of the proper functioning of our companies .

Removing the CVAE is not encouraging the hosting of economic activities, it is choosing to slow down the reindustrialization of our country , therefore denounces Christophe Ferrari. Taking the example of land, which is essential for businesses but valuable for communities, and which risks tomorrow not being oriented towards the needs of companies if the CVAE is abolished .

In addition, the president of the Mtropole de Grenoble further indicates, the CVAE comes under a taxation adapted to the turnover of companies . We are therefore not talking about a tax that would weaken artisans or local businesses. , is indignant the chosen one. For whom, on the contrary, the CVAE protects small businesses .

As for the financial nonsense, this is based on the compensation provided by the State which already does not run on gold. For the Mtropole alone, revenue linked to the CVAE represents 40 million euros per year. That is the equivalent of the investments planned by the Mtropole in sport and culture by 2026. And the chosen one concludes by asking himself: What will we do tomorrow if the State were to stop compensating these sums?.

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Christophe Ferrari denounces the announced abolition of the CVAE - US Sports - US Sports -

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