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Deficit: for Braun-Pivet, the “exceptional context” can justify “taxing superprofits”, Bruno Le Maire responds

The tax on superprofits is making a comeback in the debate, via a voice that counts in the presidential majority.

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Deficit: for Braun-Pivet, the “exceptional context” can justify “taxing superprofits”, Bruno Le Maire responds

The tax on superprofits is making a comeback in the debate, via a voice that counts in the presidential majority. In an interview with Le Figaro to be published on Saturday, Yaël Braun-Pivet believes that this idea deserves reflection, calling more broadly on the head of state to “question” his promise not to increase taxes.

Asked about the possibility of increasing taxes to obtain revenue, in the context of a public deficit that is spiraling out of control - it should exceed 5% of GDP in 2023 - the Macronist president of the National Assembly replied that “this option should not be ruled out in principle”. “We have experienced an exceptional context, with a succession of very significant new expenditures in recent years: “whatever it takes”, the cost of energy, support for Ukraine…”, he said. she continued.

And to affirm that “we must question our revenues, including the possibility of taxing super profits in large companies or share buybacks”. Yaël Braun-Pivet made these shocking declarations a few days before his trip to Blois (Loir-et-Cher) on Sunday, for the MoDem congress. A party allied with Renaissance, which has been calling for several years for “fiscal justice” measures on the taxation of superdividends or share buybacks of the largest companies, without succeeding in convincing the government. The President of the Assembly also pleaded in this direction in September 2022. The head of MoDem deputies, Jean-Paul Mattei, also suggests a targeted increase in the taxation of wealth income by raising the “flat-tax” introduced in 2018 .

Yaël Braun-Pivet's line contrasts with that of Emmanuel Macron and the government, in particular the Minister of the Economy Bruno Le Maire, who refuse any tax increase, banking instead on reducing public spending. A tax on superprofits has thus always been ruled out, with the tenant of Bercy even blurting out to Medef in August 2022: “I don’t know what superprofits are.” The government has already announced a budgetary tightening: 10 billion in savings in 2024, before seeking “at least” an additional 20 billion in 2025.

In response to Yaël Braun-Pivet, Bruno Le Maire was quick to speak on this subject this Friday, indicating that the government would tax energy companies as planned but would do “no more than that”. “There will be in this budget (for the year 2025, Editor's note) a recovery of the rents which could have been made by the energy companies (...) no more than that”, explained on BFMTV the main interested party, estimating “that “it is not a question of deviating from our line of economic policy which has produced results, which are very good results”.

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