The 'Zucman tax', proposed by Green parliament members, aimed to raise €20 billion annually by targeting wealthy households employing tax avoidance strategies. Despite backing in the lower house, it faced rejection in the Senate, predominantly controlled by centre-right opposition. Critics, including Finance Minister Eric Lombard and Senator Emmanuel Capus, argued the tax could harm investments and violate taxation equality principles. The law reflects ongoing challenges in managing France's public finances, with the government aiming for €40 billion in savings for its 2026 budget amidst a rising public deficit.
The proposed tax, known as the 'Zucman tax', aimed to limit tax avoidance by targeting wealthy households, with potential revenue of €20 billion annually.
Despite support from the lower house, the 'Zucman tax' was rejected in the Senate, reflecting opposition from the centre-right government and concerns over fiscal impacts.
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