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00:00What's wrong, Bernard?
00:01So, when we come to France and we see that we're about to increase taxes by 40%
00:06on companies that manufacture in France,
00:09So it's not an increase for companies that manufacture in France,
00:12but for French companies that have a turnover of more than 1 billion euros,
00:16it's an increase of 20%, not 40%, and it's for a maximum duration of 2 years.
00:20So we're going to tax Made in France.
00:23No, we're going to tax billionaire companies.
00:26To push for delocalization, it's ideal.
00:29But Bernard, you didn't wait for a surtax to delocalize, let's be honest.
00:33The Kenzo and Givenchy suits are made in Eastern Europe,
00:36Celine handbags are made in China,
00:38Dior handbags are made in Italy by Chinese employees who are paid 500 bucks.
00:43So stop.
00:44So I don't know if that's really the government's goal,
00:46but in any case, it's going to reach it.
00:48Is it a threat?
00:49We feel like in the USA, we're welcoming you with open arms.
00:53Taxes will drop by 15%.
00:56The workshops that can be built in the USA
00:59are subsidized in a whole series of states,
01:02and the American president encourages that.
01:04It's true that you've never received a subsidy from the French government.
01:08It's not thanks to the state that you were able to become the head of the Boussac group in 1984.
01:13It's not thanks to public subsidies that you were able to acquire Dior a little later.
01:17You didn't have a tax cut on companies like everyone else in 2017 when Macron lowered them.
01:22And well, after all, it's not public notoriety
01:24that you've been frauding taxes for years in total indifference.
01:28While there are other solutions.
01:29They were offered other solutions.
01:30Oh yeah? Like what?
01:32Like forcing you to pay your taxes?
01:34Or grabbing the billions you're hiding in tax havens?
01:37Or stopping distributing 200 billion euros of aid to companies
01:40without employment conditions in France?
01:42Obviously, the bureaucracy.
01:44You mean the same bureaucracy that allows LVMH
01:46to obtain more than 500 million euros of tax exemptions
01:49thanks to the Louis Vuitton Foundation?
01:51Or the bureaucracy that financed part of this Louis Vuitton Foundation in Paris?
01:55Or the one that closes its eyes on your fraud and your tax evasion?
01:58It would be necessary to do like in the United States,
02:00appoint someone to know a little about the bureaucracy.
02:02Yes, well, there it would be especially necessary for someone to note
02:04that Bernard Arnault is crying
02:05because the LVMH group will have to pay
02:07about 700 million euros of tax in addition this year, exceptionally.
02:12While every year he distributes almost 2 billion euros to his shareholders,
02:15that his personal fortune has quadrupled since 2017
02:17by going from 47 to almost 200 billion today
02:21and that he has more than 200 subsidiaries in tax havens.
02:24But yes, we are going to cry.