France PM aims to cut corporate tax
The article discusses French Prime Minister Sebastian Lecornu's efforts to reduce the extraordinary tax on large corporations' profits that was imposed last year, with the aim of curbing the French budget deficit. This comes amid slowing economic growth and a potential recession, as parliamentary challenges to the tax reform plan increase. There are concerns that any adjustments could lead to the loss of parliamentary support ahead of the presidential elections scheduled in seven months. Lecornu had promised not to impose new taxes but hinted at the possibility of modifying certain ineffective tax exemptions, amid expectations that there will be changes to the new budget law expected in October.
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