> in the context of pensions, "tax on companies" generally means "increasing the employer part of social charges" I cited specifically recent decrease of frenc

> in the context of pensions, "tax on companies" generally means "increasing the employer part of social charges" I cited specifically recent decrease of french corp income tax above, everything else is your speculations. > lose margin (and have therefore lower capacity to invest). investments are not included into margin, losing margin doesn't have impact on investments unless company become not profitable