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Radio France Internationale
Radio France Internationale
National
Alison Hird

Insurance boss breaks ranks with French business elite over taxing the rich

Pascal Demurger is prepared to pay higher taxes to help France out of its political deadlock. AFP - ERIC FEFERBERG

While many CEOs and France’s wealthiest are resisting demands for greater fiscal fairness in the 2026 budget, Pascal Demurger, managing director of the MAIF insurance company, says he and others must pay more if France is to move forward.

Soaking up France’s deficit means saving €44 billion in next year's budget. And an already deeply divided parliament can’t work out how to do it: the left wants a wealth tax, the right wants cuts in public spending.

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