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“There is urgency”: the Nupes launch a petition to request the taxation of superprofits

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The leftist coalition speaks of a “demand for justice” and denounces the recent fall in purchasing power of many French people. He also points out the huge profits that multinationals make.

Superprofit taxation back on the carpet? The Nupes posted an online petition Friday calling for taxes on companies that make big profits. The initiative, revealed through a brochure published by La France insoumise, is justified by the galloping inflation in the country and the profits of some large companies. “There is an emergency,” says LFI.

“We demand that a law be approved as soon as possible to tax the superprofits of multinationals.

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To promote the petition, the Nupes printed brochures in 2 million copies and 200,000 posters, LFI reports.

Inflation above 6%

The left coalition highlights the issue of purchasing power, which is falling, particularly as a casualty of the war in Ukraine.

“Inflation is already over 6%. The impact is considerable for millions of young people, employed, unemployed or retired who simply can no longer live, feed themselves or move. There is an urgent need!” says the brochure.

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“At the same time, the big multinationals are taking advantage of this situation. The rise in prices has allowed them to generate record profits for several months”, denounce the Nupes.

An invoice already rejected

The left-wing coalition recalls submitting a bill on the issue to the National Assembly earlier this summer. “But Emmanuel Macron, the president of the rich, still refuses this measure, which is simple to implement,” they say.

The taxation project of the “super profits” or the “exceptional profits” of the large multinationals was narrowly defeated by the Senate in early August.

For his part, the head of the Socialists Olivier Faure also addressed the issue this Friday. He announced that he was going to propose to his Nupes partners the organization of a shared initiative referendum on the taxation of superprofits.

“Today we have to go very fast, very far and make sure that those who can pay for this energy revolution, this climate revolution, are first and foremost,” he explained on RTL.

TotalEnergies in the viewer

Nupes again points the finger at the profits made by TotalÉnergies, particularly in relation to the rise in oil and gas prices following the Russian invasion of Ukraine.

The French group had more than doubled its profits in the second quarter. The publication of these results had revived the debates on the taxation of superprofits, called for by the left, the center and the extreme right.

Instead, the oil company had introduced a discount on the price of fuel. Currently set at 18 euro cents per liter, it will drop to 30 cents from September 1 and then to 10 cents from November 1.

Author: Juliette Desmonceaux with AFP
Source: BFM TV

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