corporations

The indecent pay of France's top executives

Économie — Opinion

The latest annual report by investors’ advisory agency Proxinvest on the remunerations paid to the chief executives of France’s 120 most traded stock exchange companies reveals a staggering increase in payments in 2019. In this op-ed article, Mediapart economy and finance correspondent Laurent Mauduit details the figures and argues why they represent a serious injustice when millions of French households face an economic crisis that threatens to plunge them into poverty.  

Fighting the organised crime of tax evasion

International — Analysis

Earlier this month it was revealed that French tycoon Bernard Arnault, chief executive of luxury goods firm LVMH, the wealthiest person in France and the fourth wealthiest worldwide, has applied for dual Belgian nationality. The French conservative opposition was quick to cite it as an example of the flight of capital that will follow higher taxes the government is to impose on the country’s top income earners, while President François Hollande decried Arnault's lack of patriotism. Mediapart Editor-in-Chief Edwy Plenel sets out here how tax evasion has become a colossal and insitutionalised business at the centre of the economy. Fighting it has never been more urgent, yet little effort - if any - is being made to prevent it or to sanction those who are bleeding society of vital resources.