French Left Proposes Taxing Oil Super-Profits
Sébastien Le Corneux addressed potential redistribution of oil revenue taxation during a Senate session. He noted that exceptional results in the sector raise questions regarding proportional redistribution. The discussion follows reports of oil revenues reaching 5.8 billion dollars, representing a 50 percent increase in one year. Le Corneux described the debate over fiscal policy as a noble political matter. The discussion follows proposals from the left to tax oil income. The French government is calling for TotalEnergies to redistribute exceptional profits linked to the war in the Middle East. The company reported 5.4 billion euros in profit during the first quarter. The government is currently debating the taxation of these super profits. TotalEnergies responded that it already contributes to the economy.
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Sources · 7 independent
“S'il y a des résultats exceptionnels, ça pose la question d'une redistribution qui pourrait être à due proportion ou pas exceptionnelle.”
“sur la taxation des revenus du pétrole porté par la gauche. Réponse de Sébastien Le Corneux, une redistribution est possible.”
“Le gouvernement appelle total énergie à redistribuer d'une manière ou d'une autre ces éventuels profits exceptionnels liés à la guerre au Moyen-Orient.”
“Total qui a annoncé près de 5 milliards d'euros de bénéficiaire au premier trimestre en hausse de 51% sur un an. Le gouvernement demande à redistribuer ses profits, tout en rappelant qu'il ne s'interdit rien, quant à une éventuelle taxation.”
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