Government’s Plan to Tax Highway Companies and Airports: Minister Confirms Taxation for Excess Profits

2023-09-12 12:43:10

The government is stepping up measures to save money, but also to “ fill » state coffers. To achieve this, he explores areas in which he can still “glean money”. As announced several weeks ago, highway companies are among the sources of new revenue.

What was just speculation has become official. The Minister of the Economy, Bruno Le Maire, confirmed his desire to create a tax for “ avoid excess profits » motorway companies in the 2024 budget. « I confirm to you that we will put in place taxation to avoid the excess profits that have been made by the highway companies », he declared during his appearance on LCI.

In response to a question on the possibility of taxing airports and the tax rate for motorway companies, Bruno Le Maire said: “ We are currently evaluating the modalities. We have clearly seen that the profits of highway companies have been much higher than expected. We studied two options: the first was to shorten the concession period. The Council of State told us that it was not possible.”

What about airports?

In detail, Bruno Le Maire explains that in the absence of the first option, which consists of shortening the concession period, the choice fell on the second. An idea studied by the government for several weeks. Already in June, Le Maire had indicated that taxation was « possible », while specifying that this could not be done “ that if all the other concessionary companies (were) equally taxed: hydroelectric dams are concessions, Paris airport is a concession.”

It remains to be seen whether the other concessions will be taxed. A question to which the tenant of Bercy did not answer. It should be remembered that before the Minister of the Economy, the Minister Delegate in charge of Transport, Clément Beaune, had announced, on July 28, the government’s plan to tax motorway concession companies and airlines more in the 2024 budget. These companies ” can contribute to the national effort we are making for the ecological transition and purchasing power “, he then explained.

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