France’s new government reportedly mulls higher taxes on big companies – POLITICO

PARIS — France is considering higher taxes on large companies as it tries to get its public finances back on track, Le Monde reported Sunday.

The new government led by Prime Minister Michel Barnier is working on an exceptional, temporary tax on the profits of big corporations, as well as a new tax on share-buybacks, according to plans by the French economy ministry seen by the French daily.

Since his appointment as prime minister, Barnier has hinted at the need for more tax fairness on top of spending cuts to address France's budget problems — a move that earned him criticism from the camp of French President Emmanuel Macron.