THE ESSENTIALS
- The National Assembly continues discussions on the examination of the state budget this Wednesday. That of Social Security continues to be examined by the Social Affairs Commission. Read the summary
- MPs voted on Tuesday to double the rate of the Gafam tax, which targets big tech companies against government advice. Read the article
- Sébastien Lecornu acknowledged before deputies on Tuesday the need to suspend the pension reform to move forward with the approval of a budget, even if it “costs him.” Read the article
- The Zucman tax must be discussed before the end of the week with the socialists on budget and taxes. Read the summary
Zucman tax examined on Friday
The tax justice measures that are at the center of the confrontation between the Government and the Socialists should continue to fuel debates in the coming days, in particular with regard to the Zucman tax, probably examined on Friday.
Whether adopted or not, Olivier Faure, head of the PS, warned that a government refusal to tax high wealth would be grounds for censure and therefore dissolution.
Parliamentarians vote to increase Gafam tax against government advice
Last night, a surprising wind of revolt against multinationals blew through the National Assembly.
Parliamentarians voted in favor of doubling the rate of the Gafam tax, which targets large technology companies, from 3 to 6%, despite opposition from the government concerned about possible retaliation from the Trump administration.
The text was adopted by an overwhelming majority with 296 votes in favor and 58 against. However, the vote did not help ease tensions in the chamber.
Debates continue in the National Assembly
Hello everyone and welcome to this live broadcast dedicated to this Wednesday, October 29, review of the 2026 state budget.
MEPs will continue examining the text today while the Social Affairs Committee continues working on the Social Security one.
Ministers will also have to agree on the draft law to combat the high cost of living in the overseas territories.
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