French Government Weighs New Taxes on Large Firms, Le Monde Says
The La Defense business and financial district on the skyline in Paris.
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The French government is weighing fresh taxes on corporates to cut the country’s budget deficit, newspaper Le Monde reported.
The finance ministry is considering a 8.5% temporary extra tax on companies with more than €1 billion ($1.1 billion) in revenue, and a tax on stock buybacks equal to 8% of the nominal reduction in capital, according to documents cited by Le Monde. Personal income taxes would remain stable and there would be cuts to public spending, the daily said.