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.
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.