Tax & Spend
Macron Backs Temporary Extra Tax on Large French Companies
- The French president speaks at a conference in Berlin
- French companies will understand fiscal needs, Macron says
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French President Emmanuel Macron endorsed a temporary tax on the country’s largest companies, supporting his new government’s strategy even as it departs from his longstanding pro-business stance.
The French government on Wednesday announced plans of around €60 billion ($66 billion) in spending cuts and tax hikes next year in an effort to rein in a widening budget deficit and bolster investor confidence in the country.