French President responds to protests

France – “Yellow vests” protests – Communiqué issued by the Presidency of the Republic

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 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.

Published on 12/12/2018

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