Taxes: what pay the CAC 40

The taxes of large French companies grew 1% in 2014 globally.
Concerned about their reputation, they are more cautious on tax optimization.

Total, BNP Paribas and Credit Agricole, the leading trio of CAC 40 companies who have scored more tax in 2014 globally, according to calculations by PwC Law Firm for “Les Echos”. In total, the 40 largest values of the Paris Stock Exchange recorded a tax of 33.6 billion euros last year, a small increase of 1% compared to 2013. At the same time, the profits of CAC 40 rose by 23%. Consequently, their average tax rate falls to 34.5%, below the rate in force in France for large companies (38%). Nevertheless, according to Pascal Saint-Amans, the OECD, it starts to be a change in mentality vis-à-vis the tax, including tax optimization, companies are ” more sensitive to their reputation “. The OECD continues to move forward on the BEPS project, aimed at establishing better tax competition between countries.