"Despite a relative control over expenditure in 2013, the persistence of a very high public deficit (4.3%) was mainly due to an unprecedented and unexpected drop in tax revenue which confirms the existence of a tax tolerance threshold, specific to each country, and which may have been reached in France. Above this threshold, any tax increase has a counterproductive effect as compulsory taxes stifle activity by further weakening the economy’s growth potential."
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Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 Article in Revue de Droit Fiscal n31-35 (2014).
https://en.wikiquote.org/wiki/%C3%89ric_Pichet
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Éric Pichet
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