Jean Martin
Adoption of 2026 budget in National Assembly increasingly uncertain
Jean Martin Larawang ginawa ng AI
After several days of intense debates in the National Assembly, the 2026 finance bill increasingly resembles a 'Frankenstein' budget, a patchwork of contradictory amendments complicating its final adoption. The executive, avoiding Article 49.3, faces strong opposition on measures like the surtax on multinationals and limits on sick leave. Lawmakers from all sides have adopted or suppressed key provisions, raising the risk of overall rejection.
Deputies double GAFAM tax for 2026 budget
French National Assembly deputies voted on Tuesday, October 28, 2025, to double the GAFAM tax rate from 3% to 6%, targeting big tech companies. Despite government opposition fearing retaliation from the Trump administration, a compromise was adopted following an initial more ambitious proposal. Left-wing lawmakers denounce it as a retreat under American pressure.
Louvre burglary: two suspects indicted, jewels missing
Ten days after the spectacular burglary in the Louvre's Apollon gallery, two suspects have partially admitted the facts during their indictment for organized gang theft. The eight stolen jewels, valued at an estimated 88 million euros, remain untraceable despite an investigation involving a hundred investigators. Meanwhile, Paris's police prefect highlights infractions in the museum's surveillance cameras.
In assembly, left and RN adopt 26 billion tax on multinationals
In a tense atmosphere at the National Assembly, the left and Rassemblement National adopted an amendment heavily taxing multinationals to combat tax evasion. The measure, proposed by Éric Coquerel, passed with 207 votes in favor and 89 against. The Economy Minister denounces it as 'a middle finger to 125 countries'.
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Assembly adopts multinational tax against government wishes
Jean Martin Larawang ginawa ng AI
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.
Suspect in Iraqi Christian's assassination in Lyon jailed in France
A 27-year-old Algerian suspected of assassinating Ashur Sarnaya, an Iraqi Christian influencer in a wheelchair, in Lyon on September 10 has been extradited from Italy and placed in pre-trial detention. He was charged with assassination in connection with a terrorist enterprise. Investigators identify him as the man in black seen at the scene.
Senate adopts insufficient bill against high living costs in overseas territories
The Senate adopted a bill against the 'high cost of living' in overseas territories on October 29, introduced by Minister Naïma Moutchou. Deemed largely insufficient by ultramarine lawmakers, the text highlights frustrations over the lack of ambitious measures on purchasing power and competition. It is now sent to the National Assembly.
New Caledonia: parliament approves postponement of provincial elections
The French Parliament has approved the postponement of provincial elections in New Caledonia, originally set for November, to June 28, 2026 at the latest. This decision, passed by the National Assembly on October 28 and the Senate on October 29, represents a first step toward resuming debates on a sensitive institutional reform. It comes amid the May 2024 violence and the fragile Bougival agreement, rejected by independentists.
Paris FC and Lyon draw in spectacular 3-3 match
Paris FC and Olympique Lyonnais delivered a thrilling 3-3 draw at Stade Jean-Bouin on Wednesday evening. Trailing 3-0, Lyon saw Paris FC pull back after two red cards, eventually equalizing in the final minutes. This result keeps both teams in contention in the Ligue 1 standings.