Budget 2025: Finance Committee approves tax on “superprofits” of large businesses

by time news

This is a measure which, according to the Rebels, could yield 15 billion euros. LFI MPs and their left-wing allies got the Finance Committee to approve a tax on the “super profits” of large companies on Friday. This “exceptional contribution”, which would apply to companies with a turnover exceeding 750 million euros, aims to “ensure that the profiteers of the crisis” who have “indecently enriched themselves” contribute to national solidarity during the health and then energy crises .

However, this amendment will be put to a new vote next week, when the “revenue” part of the 2025 state budget will be examined in the chamber. In detail, the share of company profits exceeding 1.25 times the average profit will be considered “superprofit”. annuals carried out in the period 2017-2019 (i.e. before the Covid crisis). Additional taxation will be calculated on these “excess” profits, with three brackets imposed at 20%, 25% and 33%.

A “contribution to the collective effort”

“The gas groups that made more than 10 billion euros in profits in the first half of the year” must “make their contribution to the collective effort”, argued environmentalist Eva Sas. “If you want all our companies to leave the territory, you are right: this is the way to go! », replied Véronique Louwagie (LR). The RN, whose elected officials found the idea “interesting,” abstained.

The Finance Commission also approved some measures aimed at reducing the tax credit for research (CIR), the fiscal aid for businesses introduced during the five-year term of François Hollande, but the cost of which is criticized by the left for its effectiveness in terms of support for growth and employment.

In the evening, deputies approved several increases in local taxes, in particular the house tax on second homes, allowing all municipalities to apply the increase (up to 60%) reserved at this stage for “tense areas”. Departments are also given the green light to increase the development fee collected on building permits. Instead, the commission supported an agricultural land property tax exemption that goes beyond the government’s proposed measure.

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