France Says ‘No Taboo’ on Possible TotalEnergies Exceptional Tax

France won’t rule out an exceptional tax on TotalEnergies SE even though the government prefers sticking to a fuel-price cap for now, according to Budget Minister David Amiel.

“There is no taboo” against possible exceptional taxes to redistribute excess profits the company is making on the back of rising crude oil prices, Amiel said in an interview on France’s Radio J on Sunday.

“Still, for now the most effective measure is capping fuel prices at the pump. That way the money goes directly into the pockets of French people,” he added.

TotalEnergies last month boosted share buybacks and dividends after ...