Particle.news
Download on the App Store

France Moves to Revive Big-Firm Surtax as Government Targets January Budget Vote

LR support now looks pivotal to a 5%‑deficit plan that could include a zero‑interest compulsory loan for top taxpayers.

Overview

  • The finance committee resumes work on January 8, with ministers aiming to secure final adoption of the 2026 budget before the end of the month.
  • Economy Minister Roland Lescure says he will seek to restore a surtax on large-company profits that the Senate removed, noting Assembly debates had pushed the take up to €6 billion before it was cut to zero.
  • The government is pursuing a 2026 deficit capped at 5% of GDP and says at least €10 billion must be found, with a path back under 3% targeted for 2029.
  • Matignon is weighing a revival of Senator Patrick Kanner’s proposal for a five‑year, zero‑interest compulsory loan affecting roughly 20,000 of the wealthiest taxpayers.
  • Lacking an absolute majority, the government is courting votes to avoid article 49.3 as it warns the temporary continuity law will cost several billion euros the longer it remains in place.