France's finance minister said reducing a one-off "special" tax on large companies will be difficult. The levy, introduced for 2025 and extended into this year as Paris struggled to contain its budget deficit, is unlikely to be eased as a divided National Assembly prepares negotiations on a new finance bill, he said, citing the Iran war, repeated heatwaves and rising borrowing costs. He added, "If we could lower it, we would, but it's not easy," and said the government does not intend to introdu

2026-08-24

France's finance minister said reducing a one-off "special" tax on large companies will be difficult. The levy, introduced for 2025 and extended into this year as Paris struggled to contain its budget deficit, is unlikely to be eased as a divided National Assembly prepares negotiations on a new finance bill, he said, citing the Iran war, repeated heatwaves and rising borrowing costs. He added, "If we could lower it, we would, but it's not easy," and said the government does not intend to introduce new taxes in upcoming talks on the 2027 finance bill, arguing decades of defaulting to tax hikes is no longer effective.

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