French Government’s Plan to Restore Public Finances Includes Tax Hike for Large Companies
Marc Ferracci, the French Minister Delegate for Industry, emphasized the government’s strategy to restore public finances, which entails a significant increase in taxes on large corporations. This approach is part of a broader financial law proposal aimed at generating an additional 20 billion euros in revenue. Ferracci insists that while cost-saving measures are necessary, they should not undermine the competitiveness of businesses in France. The government remains unified in its goal to manage the economy without raising labor costs.