French Lawmakers Push Tax Hikes on Buybacks, ‘Superdividends’

France’s National Assembly backed a series of tax-raising amendments overnight, casting fresh doubts on whether the government can secure final approval for the 2026 budget by year-end.

Two measures proposed by the far left passed late Wednesday — one expanding the scope for the 15% minimum tax on multinationals’ profits, and another introducing a one-off levy on so-called superdividends. Both were adopted with support from the far-right National Rally, which holds the most seats in the lower house.

The first amendment lowered the threshold for the minimum tax to include companies with revenues of €500 million ($581 million) from €750 ...