France's Corporate Tax Could Have 3% Hit on Blue-Chip 2024 Earnings -- Market Talk

Dow Jones
2024-10-11
歷峯集團0.00%盤後

1127 GMT - France's proposed corporate tax increase could have an around 3% impact on the CAC 40's corporate earnings for 2024, Morgan Stanley says in a note after the Prime Minister outlined a draft budget pointing to a temporary surcharge for companies making more than 1 billion euros. The measure was already reported in the press but the new piece of information is that the initial year's tax surcharge would be based on 2024's earnings, analysts write. "Stock-level impacts range from immaterial to >10% of 2024 estimated earnings, with the highest French sector impacts to [aerospace and defense], food retail, luxury, transport, and construction," they calculate. The blue chip index's free-float market-cap-weighted revenue exposure to domestic France is only 14.2%, they add. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

October 11, 2024 07:28 ET (11:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

no data

沒有相關數據

如果下載按鈕點擊無跳轉,請點擊右上角菜單選擇 “在瀏覽器打開”