French draft budget proposes doubling VAT on TV subscriptions; Canal+ says it could cost €200 million a year

A French draft budget presented by Prime Minister Sébastien Lecornu proposes raising value added tax (VAT) on TV subscriptions from 10% to 20%. Canal+ warned on 2 October 2026 that the change could cost it €200 million a year. In its third-quarter update, it said the outcome remains uncertain. The proposal is not yet law.