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French Senators Reject Tighter Tax on Ultra-Rich
- France's Sénat rejected on June 12, 2025, a bill proposing a 2% tax on the fortune of the ultra-rich in Paris.
- The legislation, opposed by Prime Minister François Bayrou's government, aimed to tax 1,800 wealthy households to reduce fiscal inequality.
- Finance Minister Éric Lombard and Bank of France governor François Villeroy de Galhau warned the tax system would harm investors and could be a 'fiscal illusion.'
- The proposed tax aimed at the wealthiest could have generated approximately €20 billion each year, but it was rejected with 188 senators voting against and only 129 in support.
- The rejection highlights difficulties balancing fiscal measures on the ultra-wealthy while France seeks to reduce its 2025 deficit from 5.8% to 5.4% of GDP.
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16 Articles
16 Articles
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Left
5
Center
2
Right
2
The Senate rejected a bill aimed at taxing the wealth of great fortunes to 2%. Making the ultrarich pay more taxes is an idea that makes consensus, however, to believe a study that is based on the books of grievances of the great national debate of 2019.
·Paris, France
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Do you know the Frenchman Bernard Arnault? He and his billionaires are supposed to pay two percent tax just because they are what they are: Uncle Scrooge.
In France, the Senate has stopped a planned minimum tax of two percent for billionaires.
·Germany
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Coverage Details
Total News Sources16
Leaning Left5Leaning Right2Center2Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 22%
R 22%
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