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Tax on “superprofits”: the left presents a law text to obtain a referendum

The left-wing coalition Nupes presented a bill to the Assembly on Wednesday to tax the “super profits” of large companies with a shared initiative referendum.

A referendum to tax “super-profits”? This is how the socialist deputies of Nupes want it, who held a press conference this Wednesday.

The left has thus presented a text that it intends to put to the vote in order to obtain a shared initiative referendum to tax the exceptional profits obtained by certain companies in this period of inflation.

The text was signed by 240 parliamentarians, said the first secretary of the Socialist Party, Olivier Faure. The text of the Nupes (LFI, PS, PCF and EELV) must obtain the green light from the Constitutional Council within a month, and nearly five million citizen signatures to trigger a referendum.

The shared initiative referendum is a long-term procedure that must be previously validated by the Constitutional Council.

>> More information to come on BFM Business in a few moments. Also watch BFM Business live on video and follow us On twitter.

Author: Frederic Bianchi with AFP
Source: BFM TV

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