Study by the IEM / August 2018
The social and fiscal contribution from large companies in France and worldwide remains largely unrecognised. Traditional accounting and financial presentations do not provide for externalisation of the creation of value for the broader community. Devised to present corporate earnings, they focus on financial data and understate the benefits for the French and global community while overstating shareholders’ income by presenting dividends before taxes.
This study aims to remedy this.
It presents a new way of quantifying the social and fiscal contribution from CAC 40 companies and how it is shared between employees, governments and shareholders.
It shows that the CAC 40 companies created €338 billion in wealth for the French and global community in 2016, and it clarifies the sharing of this wealth.