for the president of Medef, the State is the “biggest superprofiter”

The idea of ​​a tax on the superprofits of companies that benefit from inflation is debated in France, including within the majority. Elisabeth Bornethe Prime Minister said, in an interview published on Saturday in The Parisiannot to be hostile to its principle, judging however more effective a voluntary reduction in prices by companies in order to protect the purchasing power of consumers.

The president of Medef, Geoffroy Roux de Bézieux, castigated the hypocrisy of the government, Monday August 29: “Who is the biggest super-profiteer, if I dare? who makes the biggest superprofits? It’s the state”he said on France Inter. “Tax revenues for the first half of 2022 increased by 27 billion euros”he argued, explaining that it is “thanks to corporate superprofits”. “So this is good news for these companies, for their employees, but also for the French, for the State”according to the president of the first French employers’ organization.

.@GeoffroyRDB: “The biggest super profiteer is the State: tax revenues for the 1st half of 2022 have increased… https://t.co/enKFzz6THt

— franceinter (@FranceInter)

Asked about the fact that Great Britain has put in place an exceptional and temporary tax on the profits of oil tankers, the president of Medef replied that “Great Britain has a tax rate that is 10% lower than ours”. “The strength of French taxation for seven years now has been to be stable and to have a clear signal of attractiveness”put forward Geoffroy Roux de Bézieux, who must hold a speech at the beginning of the afternoon before the Meeting of the entrepreneurs of France, the summer university of Medef). “We have an economic situation that is less bad than elsewhere, let’s not increase taxes”he further pleaded.

Read also: Article reserved for our subscribers Superprofits, tax loopholes: part of the majority wants to toughen up the tone vis-à-vis companies

Shared initiative referendum on the taxation of superprofits

Sunday, closing the Summer Amphis of La France insoumise in the Drôme, Jean-Luc Melenchon declared himself in favor of the proposal of the first secretary of the PS, Olivier Faure, of a referendum of shared initiative (RIP) on the taxation of superprofits. To be launched, the RIP requires the support of 20% of the members of Parliament first, then the signature of 10% of the electorate. In addition, the “rebellious” have launched a petition for the government to tax the superprofits.

Read also: Article reserved for our subscribers Despite its rejection in Parliament, the taxation of superprofits is essential in the debate

The World with AFP