Multinationals
Assembly adopts multinational tax against government wishes
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During the 2026 budget review, French National Assembly deputies adopted an LFI amendment Tuesday evening to tax profits actually realized by multinationals in France, estimated at 26 billion euros by supporters. Backed by a left-RN alliance, it follows the doubling of the GAFA tax from 3% to 6%, despite strong government opposition decrying fiscal overbidding. These votes could yield over 20 billion euros for the state but may be overturned in the Senate.
Shanghai certified 30 new regional headquarters of multinational corporations and 15 research and development centres funded by overseas entities on Wednesday, a sign of continued interest in the Chinese financial hub despite an overall decline in the country’s foreign direct investment. The ceremony was hosted by the city’s mayor, Gong Zheng, with eight companies on the Fortune 500 list.
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Foreign companies including Ikea, Continental, and Aldi Nord are partnering with local platforms to launch instant delivery services in China, targeting a US$143.9 billion instant retail market. These offerings provide faster and more comprehensive delivery than abroad, fueled by China's leading digital infrastructure.