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Radio France Internationale
Radio France Internationale
National
RFI

France to consider corporate tax increase to lower budget deficit

Newly-appointed French Minister for the Economy, Finance and Industry Antoine Armand in Paris, on 23 September, 2024. © AFP - IAN LANGSDON

France's new Prime Minister Michel Barnier is reportedly considering a one-off increase in corporate tax on the country's biggest companies, as the government faces a deadline on Tuesday to present a budget for 2025, which must address a spiraling deficit.

Along with increasing the corporate tax, the government could propose to tax share buybacks, as part of efforts to plug a gaping hole in public finances, the Le Monde daily reported on Sunday.

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