"There is a form of fed up": the CEO of TotalEnergies critical of the corporate surtax
Patrick Pouyanné, CEO of TotalEnergies, expresses concern about the impact of the exceptional surtax on large companies in France, which he believes could have negative effects on employment.
Patrick Pouyanné, the CEO of TotalEnergies, has voiced strong criticism of the French government’s decision to extend the exceptional surtax on large corporations until 2026. He highlighted a growing sentiment of frustration among French business leaders regarding the country's fiscal policies. Although TotalEnergies itself is not subject to this surtax due to its current financial status in France, Pouyanné emphasized that taxation shouldn't be the primary means of adjusting the national budget.
In his remarks during the Ecorama segment of Boursorama, Pouyanné warned that this tax could have adverse implications for employment levels and overall economic stability. He described the situation as one where corporate taxation has become a 'variable of adjustment' for the French budget, which could undermine the investment climate in the country. His comments reflect a broader concern among business leaders about how their companies are being utilized to address fiscal challenges.
Moreover, Pouyanné's statements resonate with other corporate executives who are increasingly vocal regarding governmental revenue strategies impacting large businesses. As frustration mounts, there is potential for these sentiments to foster a more unified response from the business community. If not addressed, this malaise among corporate leaders could influence future industrial investments and the broader economic framework in France.