the temptation to tax corporate superprofits

the temptation to tax corporate superprofits

The new Assembly had barely begun its work when the first economic debates emerged. Should we tax the “superprofits” made by certain multinationals in a context of high inflation and shortages, to finance the billions of euros that the government spends to protect the purchasing power of the French?

The Minister of the Economy, Bruno Le Maire, immediately rejected the idea. “Taxation of the superprofits of groups is not necessarily the best solution. We prefer that the money go directly into the pockets of the French rather than into the coffers of the State “he pleaded in an interview with EchoesWednesday, June 29. “We are going to ask oil companies to make an effort to lower prices at the pump”, said Wednesday, on France 2, Clément Beaune, the Minister Delegate in charge of Europe. For the moment, “there is no question of introducing a tax”he added.

The oppositions rushed into the breach. The national secretary of the Communist Party, Fabien Roussel, announced Wednesday, on Europe 1, that he was going to file a bill for “immediately lower gasoline taxes by 35 cents” and for “tax exceptionallyover 2021-2022, the profits of oil companies, including Total”.

Read also: Article reserved for our subscribers The purchasing power bill, the subject of all negotiations

The group La France Insoumise (LFI), which must file, with Nupes, a bill “to respond to the social emergency”plans to include the “taxation of crisis profiteers”, “those who made unusual profits during the Covid years”, specifies the deputy (LFI) of Seine-Saint-Denis Eric Coquerel. For the National Rally, Marine Le Pen had proposed as early as the presidential campaign to tax the oil groups, described as “war profiteers”.

Eager not to increase taxes – the red line set by the executive – Bruno Le Maire is currently negotiating on a case-by-case basis. “We expect concrete proposals from companies that directly improve the purchasing power of the French”argues the Minister of the Economy. “How will people pay less for their gas if we tax Total’s superprofits? Better worth a discount”we slip in Bercy.

“Of course we can do it”

On Thursday June 30, TotalEnergies (ex-Total) also announced a “summer discount” 12 cents per liter in July and August on the motorways. It will be added to the 18 cents government discount. The group “considers positively the idea of ​​extending the discount beyond the summer, in liaison with the government”. Monday, Bruno Le Maire had met Patrick Pouyanné, the boss of the tanker. The banking and insurance sector has also been probed, we are assured in Bercy, as well as the shipowner CMA CGM, which was asked “a gesture for the transport of raw building materials”.

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