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French Court Clears 2026 Budget That Includes Taxes on Wealthy

Summary by bloombergtax.com
France’s constitutional court cleared the 2026 budget including a series of measures aimed at taxing the wealthy, a decision that paves the way for President Emmanuel Macron to finally promulgate the finance bill.

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French Court Clears 2026 Budget That Includes Taxes on Wealthy

·United States
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Center

On Thursday, the Constitutional Council approved the "procedure for the adoption of the law" of the budget for 2026. The Sages did not censor any article on the substance, but rejected seven articles, which, according to them, did not have their place in this text. This announcement marks the last step before the enactment of the law. - Budget 2026: the Constitutional Council validates the substance of the text, paving the way for its promulgati…

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The Sages were called on this Thursday to decide on the legal conformity of several arrangements, before the finance law was finally promulgated.

·Paris, France
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The Council does not validate the concept of "inseverity" of the budget, which had been raised in several referrals. "The Council has also rejected all the complaints concerning the sincerity of the finance law", says the communiqué published on Thursday.

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The institution censored only eight minimal provisions of the finance bill, to exclude measures that should not have been included in it. It did not analyse in substance the provisions on taxation of rich people pointed to by Sébastien Lecornu.

·Paris, France
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The Sages validated this Thursday almost all of the state budget for 2026.

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Le Monde broke the news in Paris, France on Thursday, February 19, 2026.
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