#2011-1978Amendments to the 2011 Finance Law
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This law modifies the French 2011 budget, adjusting various taxes and financing mechanisms. It includes reductions in tax revenues from several sectors, adjustments to regional financial distributions, and changes to the internal consumption taxes on petroleum products. Local authorities and various departments receive new allocations or adjustments based on these changes. Additionally, fiscal roles previously homologated are confirmed as regular, avoiding disputes over delegation competencies.
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Key Changes
- Reduction in tax revenues and adjustments in various sectors
- Confirmation of fiscal roles as regular to prevent disputes
- Changes in internal consumption taxes on petroleum products
Obligations
What this law requires
Reduce income tax (Impôt sur le revenu) revenue estimates by 300,000 thousand euros for 2011
Reduce corporate tax (Impôt sur les sociétés) revenue estimates by 400,000 thousand euros for 2011
Reduce internal consumption taxes on petroleum products (Taxe intérieure sur les produits pétroliers) by 10,216 thousand euros for 2011
Reduce income tax (impôt sur le revenu) revenue estimates by €300,000,000 for 2011
Reduce corporate income tax (impôt sur les sociétés) revenue estimates by €400,000,000 for 2011