Wednesday, 26 January, 2022

The stock market fever has paid off big for the state


The explosion in stock market transaction volumes in 2020 enabled the State to collect 1.8 billion euros in tax on financial transactions.

The year 2020 and the Covid-19 crisis were marked by an explosion in volumes on the stock market.

The Stock Exchange will have enabled the State to compensate for a small part of the revenue soaring due to the health crisis. As revealed by “Les Echos” last September, the French “Tobin tax”, in force since 2012, has reached unprecedented levels last year.

“In 2020, this tax on financial transactions broke records in terms of revenue for the French State, since it enabled us to collect 1.785 billion euros, an increase of 340 million compared to the year previous “, Confirmed Tuesday Olivier Dussopt, the Minister Delegate in charge of Public Accounts, to the National Assembly during the questioning session to the government.

The explosion in stock market transaction volumes in 2020 enabled the State to collect 1.8 billion euros in tax on financial transactions.

The year 2020 and the Covid-19 crisis were marked by an explosion in volumes on the stock market.

The Stock Exchange will have enabled the State to compensate for a small part of the revenue soaring due to the health crisis. As revealed by “Les Echos” last September, the French “Tobin tax”, in force since 2012, has reached unprecedented levels last year.

“In 2020, this tax on financial transactions broke records in terms of revenue for the French State, since it enabled us to collect 1.785 billion euros, an increase of 340 million compared to the year previous “, Confirmed Tuesday Olivier Dussopt, the Minister Delegate in charge of Public Accounts, to the National Assembly during the questioning session to the government.