France finds this year the first step of the podium of the most taxed countries, according to a study by the Molinari Economic Institute (IEM). Pormezz – stock.adobe.com
Compared to its neighbours, the country has the latest tax release day: it is only from July 17 that the French will start working for themselves.
If there is a medal that we would do without, it is that of being the undisputed champion of taxes. However, year after year, France remains at the top of this not very glorious list. Dethroned narrowly last year by Austria, it finds this year the first step of the podium of the most taxed countries, according to a study by the Molinari Economic Institute (IEM).
According to the calculations of these experts, the French will only begin to work for themselves from this Monday, July 17, “liberated” from the weight of compulsory levies. Clearly, an average employee (single without children, who receives the average salary) must work until this date to pay all the social security contributions, taxes and VAT necessary to finance public expenditure. This is the latest date in Europe, far behind the English, fiscally “liberated” on May 9, or the Spaniards, on June 8.
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The weight of taxation on the average employee thus amounts to 54.1% in France…
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