Despite its rejection to Parliament, taxation of superprofits is essential in debate

The right, first open to the idea of ​​such taxation, ended up supporting the presidential camp on Monday in the Senate, after an agreement on a reduction in the price of fuel in September. The subject is however far from closed.

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swept to the National Assembly of a little ten days ago, the proposal of a tax on the exceptional superprofits of multinationals rebounded in force in the Senate. Monday 1 er August, parliamentarians from the ranks of the left (socialists, environmentalists, communists) and the center returned to the examination at first reading of the amending finance bill 2022 (PLFR) with seven amendments to try to have the government’s position influenced. In the absence of support from the senatorial right, all were rejected, including three to twenty votes apart, only.

At the opening of the session, the Minister of the Economy, Bruno Le Maire, reaffirmed his hostility to such a measure which coalizes a large part of the opposition to Parliament. “When we are the most taxed country in all European countries, we do not add an additional tax to all the taxes that already exist,” he argued at the Luxembourg Palace.

Farm Government opposition

The tenant of Bercy considered that companies with important profits “must participate in the collective effort, as the CMA CGM, total or Engie do, by returning money directly to the French rather than the public treasury” . “Tax stability has no price,” he said, stressing that these large companies only make a fraction of their turnover on the national territory.

This proposal had been defeated in the National Assembly on Saturday July 23, after the announcement made the day before by the Totalenergies group of a drop in its prices at the 20 cents per liter pump, twenty-four hours Before the start of the PLFR exam by the deputies.

The right, first open to the idea of ​​a taxation on superprofits, had welcomed the process of totalnergies and ended up supporting the presidential camp after an agreement found with the executive for a reduction from the price of the liter of fuel, from 18 to 30 cents of euros from September.

devoting half of his intervention before the senators to “this subject which has hit the headlines for several weeks”, the Mayor tried on Monday to dissuade the elected centrist elected officials, allies of the group Les Républicains (LR) at the within the senatorial majority, to vote these amendments. “I do not believe that it is in accordance with your political DNA to multiply taxes and samples,” he said.

a measure of “social justice”

But the announcement of the doubling of the total profits in the second quarter of the year 2022 ($ 5.7 billion, around 5.6 billion euros) strengthened the conviction of oppositions. Among them, the centist elected officials defended the creation of an “exceptional solidarity contribution on superprofits” up to 20 %. In their viewfinder, companies whose net profit would have reached at least 1 million euros for the year 2021 and being 20 % greater than the average profits made in 2017, 2018, and 2019.

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/Media reports.