""I hope that this contribution will be lasting", Lombard stated, highlighting the necessity of a permanent tax on high earners to ensure equitable government financing."
"Lombard emphasized that the new tax measure would aim to improve financial resources amidst ongoing budget alert, seeking fairness and significant contributions from high-income individuals."
France's economy minister, Ãric Lombard, is proposing a permanent tax on wealthy individuals to address the country's financial challenges, aiming for â¬40 billion in savings by 2026. Those earning over â¬250,000 annually would contribute a minimum of 20 percent in taxes. While the previous year's temporary measure raised â¬2 billion for 2024, Lombard wants to ensure fairness and combat tax optimization. The budget is under scrutiny due to rising debt, necessitating both spending cuts and potential revenue increases as France seeks a more equitable financial system.
Read at The Local France
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