Blog: Chris MercerFrench CEOs to pick up national tax bill

Chris Mercer | 24 August 2011

CEOs of some of France's largest companies, including Evian water producer Danone, have said that they are willing to pay a one-off tax contribution to help the country reduce its debt.

No, we're not taking drugs. This is really happening, as evidenced by an open letter published in France's Nouvel Observateur magazine today (24 August) - how's your French?. Danone CEO Franck Riboud is among the high-level signatories of the letter, which says that the gesture to pay a one-off tax contribution comes amid concern for the economic future of France and Europe.

Shall we be cynical? Yes? What a fantastic bit of publicity this is, for both the companies and the government. Let's not pretend for one moment that the contribution will touch the sides of France's long-standing debt problems. 

That said, it is a very unusual move, and something similar has already been proposed by US billionaire Warren Buffet in his own country of birth. For symbolism alone, it is worthy of note.

Tomorrow, I shall be interviewing Diageo's CEO, Paul Walsh, on the drinks giant's full-year results. What odds would you put on UK CEOs following the French lead?


BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the big stories on just-drinks last week, featuring AG Barr, Bombay Sapphire, Wines of South Africa and Pabst Brewing Co....

BLOG

Smile, you're part of the "emotional contagion" industry

It seems there's not much in the world that can make people smile these days. Luckily, we're part of an industry that has just been scientifically proven to do just that. ...

BLOG

Starbucks' new craft - beer-flavoured coffee

Despite accounting for just a small percentage of overall sales, craft beer is making an impression on the US....

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....

just-drinks homepage



Forgot your password?