Communication for Sustainable Development

Big business in France asked to pay more taxes to help the country

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Several of the largest fortunes and major employers in France, including the billionaire heir to L’Oreal, Liliane Bettencourt, and CEOs of multinational such as Veolia, Danone, Societe Generale and Total have signed a proposal requesting the Government to establish an “outstanding contribution” levied on higher incomes and thus collaborate in the “solidarity esfuezo” necessary to support the economic future of Gallic country.

“We, presidents and corporate executives, men and women in business, financial, professional or rich, ask the establishment of a special tax that will affect most favored French taxpayers,”
states the letter published by the weekly Gallo ‘ Le Nouvel Observateur. “

“We are aware that we have fully benefited from a French model and a European environment in which we are committed and we want to help preserve,” says the letter signed by 16 of the largest fortunes and the country’s leading entrepreneurs Gallo.

“This contribution is not a solution in itself, so it has to be part of a broader effort to reform both the expenditure and revenue,” recognize the promoters of the proposal.

also signatories of the letter stressed that “at a time when the deficit of public finances and the prospects of a worsening of the state debt is threatening the future of France and Europe at a time that the Government asks us all an effort of solidarity, it seems necessary to contribute. ”

The letter, which emulates the proposal of U.S. billionaire Warren Buffet, who recently asked the White House a tax increase for large fortune, is signed by Jean-Paul Agon, president and CEO of L’Oréal; Liliane Bettencourt, billionaire and shareholder of L’Oréal, Antoine Frérot, president and CEO of Veolia Environnement, Denis Hennequin, president and CEO of Accor.

also supports the proposal of Lacharrière Marc Ladreit, president of Fimalac, the parent of Fitch, Maurice Lévy, chairman and CEO of Publicis, Christophe de Margerie, president and CEO of Total; Frédéric Oude, President and CEO Société Générale; Claude Perdriel, chairman of the supervisory board of Nouvel Observateur, Jean Peyrelevade, president of Leonardo & Co France, Franck Riboud, chairman and CEO of Danone, Stéphane Richard, president and CEO of Orange, Louis Schweitzer, President Volvo and AstraZeneca, Marc Simoncini, Meetic president, Jean-Cyril Spinetta, chairman of Air France-KLM and Chairman of the Supervisory Board of Areva, Philippe Varin, Chairman of PSA Peugeot Citroën.

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