Business · Economy · 3 hrs ago

Hotels and restaurants show France’s largest corporate tax shortfall

Hotels and restaurants show France’s largest corporate tax shortfall

A French finance ministry study puts hotels and restaurants at the top for estimated corporate tax shortfalls relative to the tax owed.

The analysis covers irregularities found in tax audits from 2015 to 2019.

It estimates tax that should have been collected but was not because of errors or omissions, whether intentional or not.

In hospitality, officials estimate €40 is missing for every €100 of tax due, based on filed declarations.

The estimate does not mean every case was deliberate fraud.

Across all sectors, the estimated corporate tax shortfall is €6 billion.

The study gives no further steps or policy changes.

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Direction générale des finances publiquesFrance’s public finances directorate
For every 100 euros of tax due according to the filed returns, 40 euros would be missing
via Le Monde