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French Senators Revisit Wealth Tax Amid Budget Debate

11/1/2025

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Summary

Story summary

French lawmakers debate the 2026 budget wealth tax, the Zucman tax, which would levy 2% on assets above €100 million and raise €15-20 billion annually.
The conservative-dominated Senate previously rejected the proposal, prompting a diluted tax on personal assets in holding companies, up to €1 billion.
Prime Minister Sébastien Lecornu faces Socialist pressure to secure budget backing as the Senate prepares to review the final structure.

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Story summary

French lawmakers debate the 2026 budget wealth tax, the Zucman tax, which would levy 2% on assets above €100 million and raise €15-20 billion annually.
The conservative-dominated Senate previously rejected the proposal, prompting a diluted tax on personal assets in holding companies, up to €1 billion.
Prime Minister Sébastien Lecornu faces Socialist pressure to secure budget backing as the Senate prepares to review the final structure.