Taxation of Large Companies: Vinci Warns of Industrial Impact in France

Vinci CEO Xavier Huillard warns about the consequences of increased taxation on large companies in France. He highlights the risk to industrial investment and calls for greater regulatory stability to maintain the country’s attractiveness.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The increase in taxation on large companies in France is raising concerns within the industrial sector. Xavier Huillard, CEO of Vinci, expressed his concerns during the group’s annual results presentation, criticizing the tax burden that could weigh on investment and the competitiveness of companies operating in France.

An Exceptional Tax Raising Concerns Over Its Sustainability

The exceptional contribution on large corporate profits, introduced in the 2025 budget to reduce public deficit, represents an additional charge of approximately 400 million euros for Vinci. For Xavier Huillard, this measure particularly penalizes companies that have chosen to maintain and expand their activities in France.

Other major corporate leaders, such as Bernard Arnault (LVMH) and Patrick Pouyanné (TotalEnergies), have also criticized a tax policy seen as discouraging the development of “Made in France.” If the tax remains temporary, its impact would be manageable, according to the Vinci CEO. However, he expressed doubts about the government’s ability to refrain from renewing it in the coming years.

An Impact on Industry and Investments

Vinci remains deeply rooted in France, where it generates more than 40% of its business. The group tests new solutions domestically before exporting them internationally. Despite this commitment, fiscal and regulatory uncertainty could influence investment decisions, particularly for industries with high energy consumption.

The Vinci CEO points out that increasing fiscal pressure could push some industrial players to prioritize foreign investments. Energy-intensive industries, which are particularly sensitive to energy and tax costs, might find it more attractive to invest in markets with more favorable conditions.

The Need for Regulatory Stability

Beyond taxation, Xavier Huillard emphasizes the need for regulatory stability for businesses. He criticizes the continuous introduction of new regulations, which complicate corporate management and hinder their development. He calls for a regulatory pause to give economic players greater visibility on applicable standards.

At a time when industrial competitiveness is a key issue, balancing budgetary needs with economic attractiveness remains a critical question. The evolution of France’s tax and regulatory policies will be decisive for the investment strategies of major companies and the future of its industrial landscape.

GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGridâ„¢ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.
French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
The Ministry of Economy has asked EDF to reconsider the majority sale agreement of its technology subsidiary Exaion to the American group Mara, amid concerns related to technological sovereignty.
IBM and NASA unveil an open-source model trained on high-resolution solar data to improve forecasting of solar phenomena that disrupt terrestrial and space-based technological infrastructures.

Log in to read this article

You'll also have access to a selection of our best content.