Business

While TotalEnergies defends its contribution, the left wants to receive more

Total Energy has disclosed to the Assembly the share of taxes and duties paid worldwide and in France (Christophe Archambault/AFP/Archives)

TotalEnergies revealed to the Assembly on Wednesday the share of taxes and duties paid in the world and in France, urging it to keep away from “adversarial indicators” that may discourage funding, shortly earlier than left-wing MPs unveiled a textual content for a tax on “extra income”. .

Total Energy can pay $30 billion in taxes and manufacturing taxes worldwide in 2022, its CEO Patrick Poani introduced throughout a listening to in the National Assembly. The group paid 6 billion in tax and manufacturing tax in 2020 and 16 billion in 2021.

For France, TotalEnergies paid “1.6 to 1.9 billion euros” in numerous taxes, contributions, deductions at supply, the supervisor added. But the group didn’t pay tax on income in France in 2021, with its French operations (headquarters, refineries, service stations and so on.) making losses.

Asked about his a lot decrease degree of taxes and social contributions in France, he replied that almost all of his oil and fuel manufacturing operations had been abroad and that he had a “refinery”, the place the group “misplaced cash”. He recalled that his occasion paid taxes in accordance to the “precept of regionalism”.

Press left

The group’s enormous revenue announcement this summer season, which doubled to $5.7 billion in the second quarter, reignited the debate over the taxation of “super-profits”.

Profits for oil majors
Profits for oil majors (Jonathan Walter/AFP/Archives)

Left-wing MPs thus tabled a textual content for “further contributions” from some corporations with a turnover of more than 750 million euros, all sectors mixed. It shall be relevant until December 31, 2025 and can have an effect on these whose further taxable revenue is a minimum of 1.25 instances increased than the common consequence for the years 2017-2019 with a progressive scale.

If the left says it wants to cross the textual content by a referendum on shared initiative, a fancy process that has by no means succeeded because it was launched in 2008, it wants to have interaction in a “stability of energy” with the authorities.

The latter hopes to discover a resolution on a European scale, whereas the Commission wants to demand “contributions” from producers and distributors of fuel, coal and oil, which decide 33% of the income, 20% more than the annual common. 2019-2021.

Patrick Pouanne didn’t fail to advocate for a European system with equal charges between nations, warning in opposition to “adversarial indicators”.

“The taxation of French refineries, to the detriment of the taxation of different refineries, will clearly power me (…) to optimize the manufacturing of refineries in accordance to the degree of the tax and will have a unfavorable influence on (…) coverage funding,” he warned.

Manuel Bompard, LFI deputy, replied that different European nations had been taking related measures. “France is late. To reject laws in the identify of competing arguments appears to me fully unrealistic.”

Olivier Faure, the first secretary of the PS, challenged the massive teams, together with TotalEnergies: “Mr. Pouanne himself was educated by the French college system, he lives in a rustic that has given him so much and now we should always put strain on the elected. Officials say + wait , you contact a hair and we’re going some other place +?

“All these folks ought to perceive that they’re an amazing contribution to the rise of nationalist populism. With such folks, who continuously give the look of absolving themselves of all accountability, there are individuals who find yourself saying to themselves + We are not any more. Believe in something + ”, he scolded.

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