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    Home > Headlines > French lawmakers reject wealth tax proposal on ultra-rich
    Headlines

    French lawmakers reject wealth tax proposal on ultra-rich

    Published by Global Banking & Finance Review®

    Posted on October 31, 2025

    1 min read

    Last updated: January 21, 2026

    French lawmakers reject wealth tax proposal on ultra-rich - Headlines news and analysis from Global Banking & Finance Review
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    Tags:financial marketshigh-income economies

    Quick Summary

    French lawmakers have rejected a wealth tax proposal targeting the ultra-rich, which was promoted by economist Gabriel Zucman, suggesting a 2% tax on assets over 100 million euros.

    French lawmakers reject wealth tax proposal on ultra-rich

    Wealth Tax Proposal Overview

    PARIS (Reuters) -Lawmakers in France's lower house rejected on Friday multiple proposals for a wealth tax on ultra-rich as promoted by French economist Gabriel Zucman, who had called for a 2% tax on assets over 100 million euros.

    Key Arguments Against the Tax

    (Reporting by Leigh Thomas, Editing by Dominique Vidalon)

    Key Takeaways

    • •French lawmakers rejected a wealth tax proposal.
    • •The proposal targeted assets over 100 million euros.
    • •Economist Gabriel Zucman promoted the tax.
    • •The tax was set at 2% for the ultra-rich.
    • •The rejection occurred in France's lower house.

    Frequently Asked Questions about French lawmakers reject wealth tax proposal on ultra-rich

    1What is a wealth tax?

    A wealth tax is a tax based on the market value of assets owned by an individual or household. It typically applies to high-net-worth individuals and is designed to reduce wealth inequality.

    2What are high-income economies?

    High-income economies are countries with a high gross national income (GNI) per capita. These economies often have advanced infrastructure, high standards of living, and significant financial markets.

    3What is an asset?

    An asset is any resource owned by an individual or entity that is expected to provide future economic benefits. Examples include cash, real estate, and investments.

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