French business leaders have raised serious concerns about the 2027 budget proposal, which they say would raise corporate taxes by nearly 20 billion euros. The Medef, the main business organization in France, has criticized the plan for increasing taxes across various sectors, freezing reductions in employer contributions, and expanding the base used to calculate these contributions. The group argues that these changes could harm companies and, by extension, the national economy. One of the key points of contention is the freeze on reductions in employer contributions, which includes profit-sharing and participation in their calculation. This freeze is expected to bring in about 3.7 billion euros and prevent reductions on low wages, even as the minimum wage rises. This is projected to add an additional 2.9 billion euros. Meanwhile, a surcharge on the profits of large companies, which will be extended for a third year, is expected to generate about 5 billion euros for the government, though this is a reduction from the current 7.3 billion euros. Additional taxes are also planned, including an extra 800 million euros on highway concessions and long-distance transport infrastructure, and an expansion of the tax on sugary products to include sugary foods. The Medef has called these measures "economic nonsense," warning that they will reduce companies' ability to invest and weaken their competitiveness. The freeze on reductions is described as a "direct threat to employment." The organization is urging the government to reconsider the measures during parliamentary debate, asking for the removal of policies that increase labor costs, the respect of the exceptional nature of the profit surcharge, and the implementation of public spending reforms that create long-term savings. Amir Reza-Tofighi, president of the Entrepreneurs organization, shared these concerns, calling the freeze on employer contribution reductions "economic nonsense" at a time when companies are already facing difficulties. He stressed the need to reconsider the freeze, as increasing labor costs, especially on low wages, could threaten future company revenues. Despite the criticisms, the 2027 budget proposal does include some measures intended to support companies, such as the continuation of the Dutreil pact, which encourages the transfer of a company to its children, and the research tax credit (CIR). A new initiative, the Papin pact, is also introduced to promote the transfer of a company to its employees. However, the continued application of the surcharge on corporate taxes for large companies is viewed as a "bad signal" by the Medef.