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Sarkozy Says He’ll Create Minimum Tax for Large French Groups

March 6 (Bloomberg) -- French President Nicolas Sarkozy said he’ll create a new tax that would force large French companies to pay a minimum amount of tax.

“I’ve discovered that there are large French groups that don’t pay any tax in France,” Sarkozy said on a France2 television talkshow. He said the details of the tax would be worked out should be win re-election in France’s two-rounds of presidential elections on April 22 and May 6.

“It could be a tax based on worldwide earnings,” he said. “It’s aimed at groups like Total, but not just Total.”

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To contact the editor responsible for this story: Gregory Viscusi at gviscusi@bloomberg.net

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