Why the tax on oil superprofits brought in 20 times less than expected

A researcher from the Institute of Public Policies (IPP) carries out a “post-mortem” analysis of this tax and questions the advisability of taxing annuities.

In the days following the European election, the government should unveil its news “tracks” to better tax annuities. From the reflections of a “task force” of deputies from the majority desired by Gabriel Attal, these measures aimed at generating additional revenue for the state coffers should be integrated into the 2025 budget. With more than 20 billion to be found to achieve the budgetary objectives that he set fixed, the government will have to ensure that these new tax measures are more efficient than the other taxes on superprofits put in place until now.

Indeed, the CRIM, this “contribution” which targets the “exceptional” income of electricity producers put in place at the end of 2022, has not brought in as much as expected. No more than its counterpart targeting the oil industries, the ETUC. From this contribution on the inframarginal rent from electricity production (CRIM), the government hoped for around 12 billion euros in 2022…

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