Overview
- The proposal cuts production taxes by €50 billion annually in exchange for an equivalent reduction in business aids, totaling €250 billion over a five-year term.
- Philippe framed the plan as a supply-side competitiveness push and a “choc de simplification,” saying the state would help less so firms can produce more.
- He announced the measure on LinkedIn as the first concrete plank of his 2027 economic program and promised regulatory and fiscal stability over the quinquennat.
- He did not specify which taxes or aid schemes would be targeted; press cited common production levies such as CFE, C3S, CVAE and the tax on built property as possible areas.
- The rollout comes during contentious budget votes in the National Assembly that have advanced tax increases, and commentators note the swap could create clear winners and losers.