The government is “studying the option” of a new taxation of motorway companies

The government in search of new recipes. “The option” a new tax on motorway companies “is under consideration”announced the Minister of Economy and Finance Bruno Le Maire on Tuesday June 20 on France 2.

“If there is a decision”it will appear in the finance bill for 2024, added the boss of Bercy. The echoes said on Monday that the government had received the green light from the Council of State.

Other relevant concession companies

“You have to look carefully at what the Council of State says, taxation is possible. (…) Then, this can only be done if all the other concessionary companies are also taxed: hydroelectric dams are concessions, the Paris airport is a concession…”detailed the Minister.

🔴🗣 “It can only be done if other concessions like airports are also taxed”

Bruno Le Maire confirms that a project to tax motorway companies is under study. #Les4V @BrunoLeMaire pic.twitter.com/RxIgQSmK57

— Telematin (@telematin) June 20, 2023

“I just want to know what this tax is for, what it can finance, and above all what the impact could be for the other concessions”, he further explained. According The echoesthe government could recover 2 to 3 billion euros in revenue by 2030.

Motorway companies have enjoyed larger net gains since 2018, due to the lower corporate tax rate from 33% to 25% during Macron’s first five-year term.