French Senate Approves Temporary Tax Hikes on Large Corporations
The measures aim to address a growing public deficit, targeting major businesses with increased corporate taxes and new levies on maritime freight and digital giants.
- The Senate passed a surtax on the profits of 450 large companies earning over €1 billion annually, expected to generate €8 billion in 2025 and €4 billion in 2026 before being phased out.
- A new tax on maritime freight companies, primarily affecting CMA CGM, was approved, projected to yield €500 million in 2025 and €300 million in 2026.
- The digital services tax on GAFAM companies was raised from 3% to 5%, despite government opposition to the increase.
- Amendments were adopted to reform the research tax credit, reducing its scope and tightening eligibility for companies without production units in France or the EU.
- The Senate also supported measures to combat tax fraud, including stricter penalties for advisors enabling evasion and enhanced oversight of multinational transactions.
l'Opinion 
Le Figaro 