Fiscal Policy
*Eek - this is over 250 words..* Example 1: On March 12, 2020, French President Emmanuel Macaron announced tax relief measures for French businesses affected by the surging Covid-19 pandemic. This expansionary fiscal policy protected companies by allowing them to defer the payment of taxes ( corporate income tax, monthly social security contributions, as well as value added tax and taxes on wages) due in March of 2020 without formalities or penalties. C ompanies suffering at the most extreme level could also benefit from the postponement of social installments, tax installments, and even tax rebates. However, since there were only a limited amount of tax rebates available, they had to be issued on a case-by-case basis. This proved to be a challenge since the requirements to apply for this benefit were rather vague ("companies threatened with disappearance"). Those in favor of this policy would have been the stakeholders whose companies were experiencing negative ...