Paris, France – The MEDEF, โFrance’s largest employer federation, is warningโข of a “great employers’ โขmobilization” shouldโ the โgovernment increase taxes on businesses, notably through the proposed “Zucman โคtax” on ample wealth. Patrick Martin, the MEDEF’s head, deliveredโ the stark message following meetings wiht โNew Prime Minister Sรฉbastien Lecornu Friday evening.
The โคthreat comes as the โgovernmentโ weighs new fiscal policies, โฃincluding aโ potential tax on extreme wealth championed by the left and named after economist Gabriel Zucman. martin argued the Zucman tax,โฃ unlike the former wealth tax (ISF), would incorporate a company’s working capital into its asset valuation,โ potentially forcing โขprofitable but non-dividend-paying companies -โข particularly in the โฃtech sector – to sell assets to cover the levy. he characterized such aโข move asโ “spoliation.”
Martin further stated that Frenchโ companies are already โheavily taxed, facing “13 โคbillion eurosโ in additional direct debits in 2025,” and are “theโฃ most imposed among the countries of theโฃ OECD, deduction made of the aids they receive.” He expressed โdisappointment that promised reductions in the CVAE, a production โtax, have notโ materialized.
The MEDEF leaderโ contendsโ that the budgetary proposals of the Socialist Party would have a “recessive โคeffect” on an already fragile economy. He emphasized that businesses “play โan importantโ role” inโ economic stability and growth, framing increased taxationโข as a barrier to investment and โฃrisk-taking.