Option Finance | CSR and corporate tax: taxation can also be paved with good intentions
Benoît Gréteau, partner, published an article in Option Finance, on the senatorial bill “aimed at implementing fairer and more economical taxation”, examined this past June 13th, and drafted in line with the European Union’s Green Deal and directive known as “CSRD”, which requires companies to publish a sustainability report containing ESG performance indicators.
He details the path taken by the French legislator who, oscillating between punitive and incentive taxation, proposes to:
- Subordinate the 25% corporate tax rate to compliance with article 1833 of the civil code. Failing this, an increased rate of 30% would be substituted.
- Put back on the agenda the establishment of an additional contribution to the corporate tax on the exceptional profits of large companies whose turnover exceeds 750 million euros.
- Establish a green research tax credit.
