Fiscalité de l’Epargne Financière et Orientation des Investissements

This study looks at the effects of savings taxation on the financing of the economy in France, especially for sectors that are in need of financing, such as the energy transition.

The first part of the study looks at the effects on the real economy. For instance, what are the financial assets held by households and what are these assets financing? The second part of the study takes a closer look at the taxation system to identify the share of long-term financing in tax expenditures’ objectives.