Hermès Wary of Interim French Company Surtax Becoming Permanent

French fashion house Hermès warned investors that a temporary French surtax imposed on large companies may become something it must account for long term.

The group disclosed Thursday a €330 million ($392 million) bill from the tax, and added that the tax tacked on five percentage points to Hermès’ tax bill, said Eric du Halgouët, CFO at Hermès.

“We hope that it just happens for a couple of years, but maybe this exceptional tax will be a feature in years to come,” du Halgouët said.

• The French coalition government agreed in January to extend by one year a ...