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Medef Threatens Mass Employer Mobilisation if 2026 Budget Raises Business Taxes

The employers’ group identifies the proposed “Zucman” wealth levy that would include professional assets as its red line.

Overview

  • Patrick Martin warned that the Medef would convene large indoor meetings of thousands of business leaders rather than stage street protests if taxes on companies are increased.
  • Vice-president Samuel Tual said the decision to mobilize is not yet taken and described any rally as a pedagogical show of force to influence the debate.
  • Martin raised these concerns after meeting new Prime Minister Sébastien Lecornu, as the government continues negotiations on the 2026 budget without a final package announced.
  • The Medef argues the “taxe Zucman” would deter investment by counting professional assets in wealth tax calculations and could force sales for some firms, particularly in tech.
  • Employers contend that companies already face heavy burdens, citing €13 billion in additional levies in 2025 and an unfulfilled CVAE cut, while media recall the 1982 Villepinte meeting as a precedent.