Particle.news

Download on the App Store

Medef Plans Enormous Employer Rally to Oppose Zucman-Style Tax as Business Groups Divide

The move seeks to pressure Matignon on the 2026 budget, notably the proposed Zucman wealth tax.

Overview

  • Patrick Martin announced at Bpifrance’s BIG event that an all-employer rally will take place in the coming days to promote companies’ public contribution and counter what he called dangerous theories.
  • No date or venue has been disclosed, and the Medef declined to provide details when asked by reporters.
  • The target is the so-called Zucman proposal to levy at least 2% annually on the wealth of roughly 1,800 of the richest French residents, including professional assets.
  • Employer ranks are split: U2P says it will not participate and calls the initiative a mistake, CPME is cautious, while METI backs the push and Afep signals support with a report on its economic and social contribution due Wednesday.
  • The announcement lands on the eve of meetings at Matignon with Prime Minister Sébastien Lecornu on the 2026 budget, after Martin’s earlier warning of a major mobilisation if business taxes rise, and he notes Medef member firms employ about 12 million people.