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France Approves Controversial Tax Hikes Amid Political Turmoil

10/30/2025

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Summary

Story summary

French lawmakers approved two tax hikes on multinational companies, including a new levy based on global revenues and a higher digital tax, backed by both the far-right and far-left.
Finance Minister Roland Lescure warned the changes could harm France's credibility and provoke international tensions.
The budget process lacks a majority and must negotiate with various parties.
Socialist lawmakers are considering "high-yielding" taxes amid political fragmentation, signaling potential compromise.

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Story summary

French lawmakers approved two tax hikes on multinational companies, including a new levy based on global revenues and a higher digital tax, backed by both the far-right and far-left.
Finance Minister Roland Lescure warned the changes could harm France's credibility and provoke international tensions.
The budget process lacks a majority and must negotiate with various parties.
Socialist lawmakers are considering "high-yielding" taxes amid political fragmentation, signaling potential compromise.