Can our tax debate be rational?
· François Villeroy de Galhau, Governor of the Banque de France (France)
Summary written by Dark Majestic in its own words · topics: public finances and debt
FV · François Villeroy de Galhau Wiki · Banque de France WikiCan our tax debate be rational?ContextSpeech by the Governor of the Banque de France opening a symposium for the 20th anniversary of France's Council on Compulsory Levies (CPO).
Why it mattersAn outspoken view on France's budget, arguing that spending choices come before taxes.
Problems raised- France's budget problem comes from rising public spending.
- Spending ratchets up after each crisis.
- The tax debate is often irrational.
Solutions proposed- Address spending first.
- Close tax loopholes and target asset-holding companies.
- Debate taxes rationally and fairly.
Read full speech on bis.org ↗More from François Villeroy de Galhau · Banque de France · all speeches
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