Budget 2027: MPs vote on new taxes for large companies and adopt the "Papin pact"

On October 30, deputies approved several taxes targeting large companies, amidst criticism of Macron's economic policies following negative inflation news. The French economy saw a 0.1% GDP decline in Q3, prompting warnings about the 2027 budget needing more effort. Amendments taxing super dividends and data flows from internet content providers were adopted, despite government opposition. Critics argue that Macron's economic strategy has failed, while the government warns against overburdening businesses. A new 'Papin pact' was introduced to facilitate employee buyouts of SMEs, and housing loan conditions were expanded. The budget's rejection in the National Assembly remains likely due to a lack of political consensus.