Features of the fiscal system of the Republic of France

In all modern countries, the most important form of public revenues are taxes, which are money payments that the state collects from individuals and legal entities on the basis of its financial sovereignty to cover public needs and public expenditures, without any recompense. The primary purpose of taxation is to finance specific responsibilities of the state and its units. Modern taxation systems of countries differ from each other, and these differences are primarily caused by political and economic organization. The place and role of specific taxation forms is different in industrialized countries as compared to countries in transition. Taking the above into consideration, this paper presents the taxation system of France, a member state of the European Union with the highest public spending in Western Europe