France's new Prime Minister, Michel Barnier, is proposing several tax measures meant to reduce the country's national debt as part of his draft budget. One of the main proposed measures is reportedly a temporary 8.5% contribution on large companies with annual revenue of EUR 1 billion or more, increasing the effective tax rate to 33.5%. Another measure targeting large companies includes new rules for the taxation of share buybacks. Other measures include the increased taxation of high-income earners, polluting vehicles, and electricity. Details of the measures will be published once available.