French MPs vote through the left's wealth tax on the ultra-rich
- French MPs in the National Assembly voted 116 to 39 to support a new wealth tax on individuals with net worths over €100 million, introducing a 2% minimum tax rate.
- The proposed wealth tax, named the Zucman Tax after economist Gabriel Zucman, aims to generate between €15 billion and €25 billion annually for the government.
- Despite this initial vote, the bill faces hurdles in becoming law, with potential opposition from right-wing parties and a necessary review by the Constitutional Council.
- Supporters of the bill view this vote as a step toward tax justice and public demands for a fairer system, countering the notion of tax immunity for the ultra-rich.
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20 Articles
20 Articles
All
Left
7
Center
1
Right
2
Coverage Details
Total News Sources20
Leaning Left7Leaning Right2Center1Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
R 20%
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