French Lawmakers Push Tax Hikes on Buybacks, ‘Superdividends’
MPs vote during the debate and review of the 2026 State Budget at the French National Assembly, in Paris, on Oct. 29
Photographer: Thibaud Moritz/AFP/Getty ImagesFrance’s National Assembly backed a series of tax-raising amendments overnight, casting fresh doubts on whether the government can secure final approval for the 2026 budget by year-end.
Two measures proposed by the far left passed late Wednesday — one expanding the scope for the 15% minimum tax on multinationals’ profits, and another introducing a one-off levy on so-called superdividends. Both were adopted with support from the far-right National Rally, which holds the most seats in the lower house.