On February 20th, France's Assemblée nationale approved a bill proposing a 2% minimum tax on wealth for those worth €100 million or more. Introduced by the Green party, the bill targets around 4,000 households, ensuring that they contribute a minimum tax based on their global assets. Supporters believe this measure will generate €15-25 billion in revenue for the state, addressing long-standing fiscal inequalities. This taxation model, inspired by economist Gabriel Zucman, signals a shift towards a more equitable tax system and aligns with similar global discussions.
The bill aims to 'put an end to a fiscal injustice that has lasted for too long,' illustrating a growing push for wealth taxation in France.
It is projected to bring in between €15 billion and €25 billion in government revenue, indicating significant financial implications.
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