France to extend temporary corporate tax
The French government is preparing to extend the extra tax on the profits of major corporations for the third consecutive year in 2027, in an effort to maintain its tax revenues amid ongoing fiscal deficits. This contribution affects approximately 300 companies that generate at least 1.5 billion euros in revenue and is expected to bring in around 7.3 billion euros in 2026. The Economy Minister confirmed that preserving these revenues is important, with the possibility of lowering the rate if the financial situation permits, while rejecting the introduction of new taxes and focusing instead on controlling expenses. This comes amid forecasts of the national deficit rising to 5.7% of GDP in 2027, amidst ongoing discussions between the government and employers regarding corporate taxes.
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