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Radio France Internationale
Radio France Internationale
National
Michael Fitzpatrick

Top French companies pay zero tax, despite year of record profits

Index screens at the Euronext headquarters in the business district La Défense, on the outskirts of Paris © AP - Kamil Zihnioglu

The weekly magazine L'Obs is pleased to report that the leading French businesses made record profits in 2021, while the rest of us were cowering in fear of the coronavirus. But did they all pay reasonable taxes in France on those record earnings? L'Obs asked them just that.

The top forty companies quoted on the Paris stock exchange, the CAC 40, made a total of 174 billion euros in profits in 2021. Not bad, especially given that the world economy had a bad dose of viral infection during those 12 months, and times were hard.

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