Report
Fiscal Horror Picture Show (on France and taxes)
The preamble to the hundreds of pages of the French draft budget for 2025 includes an unintentionally comical sentence from the Finance and Budget ministers: "There will be neither austerity nor a tax onslaught". With this, the tax burden, already close to a world record, is set to rise by almost one point to 46.6% of GDP. The presentation of the budget is such that taxes account for one-third of the planned adjustment. The rest is to come from a slowdown (not a reduction) in spe...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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