Two voices, twice. Tuesday evening, October 27, the Assembly deleted article 15 of the 2027 finance bill, by 79 votes to 77. This article extended the surtax on the profits of large companies. During the night, the deputies adopted by 74 votes to 72 a communist amendment on the tax of multinationals. It calculates it on the share of their global profits made in France. These are two snubs for Roland Lescure and his 2027 budget of 54 billion euros of effort. But the final text might not keep any trace of it. Same possible fate for the tax on conversions into stablecoins voted on October 16.
The Assembly removed the surtax on the profits of large businesses by 79 votes to 77
A communist amendment calculates the corporate tax of multinationals on their global profits, adopted by 74 votes to 72
The tax on crypto to stablecoins, voted on October 16, still appears in the text
The solemn vote of November 3 could bring down all these amendments as a unit
Budget 2027: the surtax on large businesses removed by 79 votes to 77
The scenario plays out just before 8 p.m. on Tuesday, October 27. The deputies vote by public ballot on nine identical amendments to delete article 15. Result: 79 votes for, 77 against and 3 abstentions. Only 159 deputies voted. According to the count by NosParlementaires, 48 RN deputies and 14 Ensemble pour la République form the bulk of the 79 votes. Elected representatives from Horizons, Democrats, Republican Right and UDR complete the total. The 63 left-wing elected officials voted against. The general rapporteur Philippe Juvin and the government had given an unfavorable opinion.
Article 15 renewed the exceptional contribution on the profits of large companies for a third year. This contribution was born with the 2025 budget. It targets groups with at least 1.5 billion euros in turnover, or around 400 companies according to the government. The text lowered the rate from 20.6% to 15.7% for the first tranche. Beyond 3 billion turnover, it went from 41.2% to 31.4%. The government expected around 5 billion euros in 2027, compared to 7.3 billion estimated this year. Its removal also involves the contribution of large shipping companies.
“An exceptional contribution lasting three years is no longer exceptional,” argued Félicie Gérard (Horizons). Éric Coquerel, LFI president of the finance committee, considered the vote “quite farcical” and put the bill at 5 billion euros in additional deficit.
IS of multinationals: the Sansu amendment adopted by 74 votes to 72
A few hours later, the hemicycle changes direction. Amendment No. 3945 by Nicolas Sansu (GDR), defended by Emmanuel Maurel, is adopted by 74 votes to 72. The text targets groups with more than 100 million euros in turnover. Their taxable profit in France would depend on the share of global turnover generated in the country. Emmanuel Maurel mentioned “36 billion euros which escape tax via this process”. According to NosParlementaires, the adoption is due to the abstention of 53 RN deputies. On the other hand, the deputies rejected two related amendments. That of Jean-Philippe Tanguy (RN) received 59 votes against 110, and that of Éric Coquerel (LFI) 72 against 72.
The government didn't like it. Roland Lescure spoke of “a very bad idea”, contrary according to him to 125 bilateral tax conventions. Philippe Juvin added that “tax conventions and international conventions prohibit us” from this method of calculation. This is what the LCP report of October 28 reports. The deputies had also adopted a Coquerel amendment of the same type on October 28, 2025, by 207 votes to 89. It then disappeared from the promulgated 2026 budget.
The session on Wednesday, October 28 afternoon turned into a series of rejections. One by one, the deputies rejected the following amendments, including several signed Nicolas Sansu or Charles de Courson. This is what the report of the National Assembly indicates.
Crypto and stablecoins: what these votes change for you
If the suppression survives, the approximately 400 groups concerned will save 5 billion euros in tax next year. You, the holder of bitcoins or ethers, are not affected by this surcharge nor by the Sansu amendment. Your file is called Amendment No. 3898.
This text, also signed Nicolas Sansu, was adopted on Friday October 16. The score: 38 votes against 37, with 25 abstentions. It removes the tax deferral on conversions from cryptocurrencies to stablecoins compliant with MiCA, the European regulation on cryptoassets. Concretely, exchanging bitcoin for USDC would become taxable at 31.4%, i.e. 12.8% income tax and 18.6% social security contributions. Today, only the change into euros triggers the tax.
The other crypto amendments are still waiting their turn. This is the exit tax on portfolios over 800,000 euros. Added to this is the declaration of self-hosted wallets above 100,000 euros, wanted by Charles de Courson. The Assembly called article 15 a priority on October 27. As of October 29 in the morning, none of the reports consulted mention a vote on these texts.
Solemn vote of November 3: all these amendments can fall
There remains the parliamentary mechanics, and it works against all these votes. The solemn vote on the first part of the PLF 2027 is set for Tuesday, November 3 afternoon. LCP considers the rejection “more than probable”. All the amendments adopted since October 13 would then fall together, including the removal of the surcharge, the “global” IS and the stablecoins tax. The Senate would receive the government's initial text with its article 15 intact. If the executive then draws out article 49.3, it alone chooses the amendments it keeps. If he waits until the 70-day period expires on December 17, 2026, he can issue orders. Here again, it is the initial text which would apply. The 2026 surcharge only survived by a 49.3.
