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Newspaper subscription: Meeting votes tax credit score for future readers

The Nationwide Meeting voted Tuesday evening a tax credit score for households, means-tested, for a primary subscription to a press title of political and basic info, to assist the sector which "suffers enormously" in keeping with the federal government.

The deputies gave their approval to a authorities modification to the third amending finance invoice which supplies for this tax credit score of as much as 50 euros. Granted solely as soon as, it will likely be equal to 50% of the bills truly incurred, relevant below the primary subscription, for a minimal length of twelve months.

"It’s a dedication from the President of the Republic to the press, a sector which suffers enormously and which has not essentially benefited from all the help" in the course of the coronavirus disaster, mentioned the Secretary of State for the Financial system Agnès Pannier-Runacher.

Accessible till the top of 2022, the tax credit score shall be reserved for households whose benchmark tax revenue is lower than 24,000 euros, this threshold having been reviewed by deputies when the federal government had initially supplied for 10,000 euros. This restrict shall be elevated by 25% for every extra half of the household quotient.

Legitimate for on-line press

The tax credit score will relate to a subscription to a newspaper, a periodical publication or a web-based press service which "presents the press as political and basic info". Through an LREM subamendment, MEPs prolonged the scope of the system to subscriptions to quarterly publications.

Alternatively, elected officers have pleaded in useless to increase this tax credit score to journals corresponding to “L'Usine nouvelle” or “Le Journal des Arts” or in order that it may be prolonged to subscription renewals. The federal government modification was not unanimous. "It doesn’t maintain water," notably launched Charles de Courson (Liberties and Territories), mockingly concerning the "coincidence" of an modification establishing "a small system" to "make it seem that we assist the press" legitimate till 'in 2022, the 12 months of the presidential election.