LVMH Set to Pay €800 Million Tax Increase to Ease France’s Debt

LVMH is expecting to pay as much as €800 million ($870 million) in additional taxes next year after France announced plans to raise levies on its biggest companies to help shore up public finances.

Speaking during an analyst call Tuesday, LVMH Chief Financial Officer Jean-Jacques Guiony said the additional corporate taxes should range between €700 million and €800 million for the Paris-based company.