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Business taxation, Édouard Philippe

Production taxes: €50bn less in production taxes in exchange for €50bn less in subsidies

Direction of change: decrease, compared with current law.

The lever. Taxes paid by businesses irrespective of their profits (CVAE, cotisation foncière, C3S): reduction, abolition or maintenance. Direction rule: ↑ heavier production taxes.

« Conclure un pacte fiscal inédit avec les entreprises : 50 Md€ de baisses d'impôts de production contre 50 Md€ d'aides publiques improductives en moins, le plus grand choc de compétitivité jamais réalisé. »1

Translation by the editorsConclude an unprecedented tax pact with businesses: €50bn of cuts in production taxes in exchange for €50bn less in unproductive public subsidies, the biggest competitiveness shock ever achieved.

Words of Édouard Philippe, Site de campagne « Avec Édouard 2027 », priorité « Pour une France plus prospère » (page non datée, consultée le 12 octobre 2026), 12 October 2026. Position taken from public statements, not from a written programme.

No programme released. Positions taken from public statements, words of associates or documents of the candidate’s party, each dated and sourced; last recorded on 18 October 2026.

Encoding

No cost-schedule parameter for this position: see the costing for the reason.

Costing

Announced by the candidate

−€50bn

per year, revenue cut. « 50 Md€ de baisses d'impôts de production contre 50 Md€ d'aides publiques improductives en moins » [“€50bn of cuts in production taxes in exchange for €50bn less in unproductive public subsidies”]: two equal amounts, without saying whether they apply per year or over the five-year term.

Published costings

none

No external costing of this position recorded to date.

Our calculation

not costed

Pure amount with no named instrument, not costed (decision of 18 October 2026, the same as for Marine Le Pen's €20bn cut in production taxes and David Lisnard's €40bn, beyond the taxes they name): « 50 Md€ de baisses d'impôts de production » [“€50bn of production tax cuts”], without saying which (CVAE, C3S, CFE, property taxes…) or whether the amount is per year or over the five-year term; it is cited next to the total, without being counted. Former costing: €50bn a year taken at the candidate's amount. Its counterpart, €50bn less in « improductives » [“unproductive”] subsidies, is treated in the same way under the “Public aid to businesses” lever.

Current law, sources and limits of the cost schedule

Current law. Taxes on production: €132.8bn in 2025. Including CVAE: €4,024m of State revenue in 2025, €4,106m forecast for 2026 and €4,110m in 2027; its abolition, planned for 2027, was postponed to 2030 by the Finance Act for 2025 (Voies et moyens, PLF 2027; €3.7bn paid by businesses in 2025 according to Fipeco). The Finance Act for 2026 contains no article on the CVAE. C3S: €5.2bn (2024). CFE: €7.7bn. Property taxes paid by businesses are included in the €43.1bn of TFPB.

Horizon. Full year; cost to the State, which compensates local authorities with a fraction of VAT.

Limits. Costs = current revenue (static). The abolition of the CVAE (value-added contribution of businesses) in 2030 is confirmed by the Voies et moyens of the PLF 2027 (October 2026); the text of the code général des impôts (General Tax Code) in force could not be consulted on Légifrance (automated access refused), and the adopted text of the finance act for 2026 does not change this timetable. Compared with current policies, the cost in 2032 of an abolition is therefore zero, and maintaining it is a gain: €4.02bn (2025, lower bound) to €4.11bn (2027, central value and upper bound). Cut announced as an amount without a list of the taxes targeted: a pure amount with no named instrument, not costed, cited next to the total (decision 1 of 18 October 2026, the same for all candidates); the reduction in aid announced in return is treated in the same way (“Public aid to businesses” lever). The choice of taxes does not change the static cost; an amount greater than the revenue of a named tax cannot come from that tax alone (CVAE €4.1bn, C3S 5.2, CFE 7.7; €132.8bn for all production taxes in 2025).

  • Fipeco, La CVAE, 2026-07-07: « La loi de finances initiale pour 2025 a majoré le taux de la CVAE applicable en 2026 et 2027 et reporté sa suppression en 2030 ... En 2025, la CVAE prélevée sur les entreprises s'est élevée à 3,7 Md€ ... Le produit de l'ensemble des impôts sur la production s'est élevé à 132,8 Md€ en 2025 »
  • Fipeco, Les impôts sur la production, 2025-11-12: « contribution sociale de solidarité des sociétés, pour 5,2 Md€ ... la cotisation foncière des entreprises (7,7 Md€) »
  • OFCE, Le déficit public devrait diminuer en 2026 et 2027, 2026-04: « Les entreprises seraient plus mises à contribution en 2026 (+7,4 milliards d’euros, 0,2 point de PIB), en raison de l’annulation de la suppression progressive de la CVAE (1,3 milliard d’euros,) mais surtout de l’augmentation de la contribution exceptionnelle sur les grandes entreprises (7,3 milliards, 0,2 point de PIB). »
  • PLF 2027, Évaluation des voies et moyens, tome I (page 32), 2026-10: « Prévue pour être supprimée en 2027, la CVAE sera finalement maintenue jusqu’en 2030, conformément à la loi de finances pour 2025. RETOUR SUR 2025 En 2025, les recettes de CVAE pour l’État ont atteint 4 024 M€, en moins-value de -6 M€ par rapport à la prévision de la LFI pour 2025. […] En 2026, la prévision s’établit à 4 106 M€ […] La prévision s’établit à 4 110 M€ en 2027 »

How to read these amounts. These are static costs and revenues, with no feedback effect, over a full year: nothing on growth, employment or the revenue that economic activity would gain or lose. A higher net cost does not on its own make a worse policy, nor net savings a better one: each programme rests on an economic model (demand-led stimulus, lower compulsory levies, consolidation of the public accounts…) that the cost schedule does not settle. GDP itself measures a volume of activity, not well-being or the usefulness of what is produced. Economic models and feedback effects.

This lever in the method · Costing for Édouard Philippe

  1. Site de campagne « Avec Édouard 2027 », priorité « Pour une France plus prospère » (page non datée, consultée le 12 octobre 2026), 12 October 2026. Words of Édouard Philippe. Position taken from public statements, not from a written programme. Read the source (Site de campagne « Avec Édouard 2027 », priorité « Pour une France plus prospère » (page non datée, consultée le 12 octobre 2026)).

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