Bernard Arnault Criticizes French Corporate Tax Hike, Citing Risks of Relocation

The LVMH CEO warns that a proposed 40% tax increase on large companies could undermine France's economic competitiveness and drive businesses abroad.

Bernard Arnault, CEO of LVMH, has labeled the French government's proposed corporate tax surtax as a 'tax on the made in France' and warned it could lead to business relocations abroad.
The surtax, intended to raise €8 billion in 2025, targets companies with over €1 billion in revenue, with rates reaching up to 40% for the largest firms.
Arnault highlighted the contrast between France's fiscal environment and the United States, where lower taxes and subsidies have created a more attractive investment climate.
The French government has defended the measure as temporary and necessary for addressing public debt, but Arnault and other business leaders remain skeptical about its duration.
Economic analysts and industry leaders warn that such policies could weaken the competitiveness of French companies and exacerbate existing economic challenges.