French lawmakers reject wealth tax proposal on ultra-rich
Published by Global Banking & Finance Review®
Posted on October 31, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking & Finance Review®
Posted on October 31, 2025
1 min readLast updated: January 21, 2026
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.
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.
(Reporting by Leigh Thomas, Editing by Dominique Vidalon)
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.
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.
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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