French Budget Will Keep Windfall Tax on Large Firms: Les Echos

The French government will maintain its windfall tax on the profits of the country’s biggest companies at 2025 levels instead of halving them, Les Echos reported.

• Citing a letter Sunday from Prime Minister Sebastien Lecornu to France’s largest firms, Les Echos said the action is being guided by the goal of keeping the deficit under 5% of GDP.
• The premier’s three-page letter noted that his new budget plan will provide companies with the visibility they have long sought: Echos
• Lecornu promised companies that 2026 will bring stability, while also pointing out that the social welfare comprises had left the overall ...