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Posted: 2025-06-13 13:15:17 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-13 13:15:31 UTC
Verified By
Rollup News
The French National Assembly has adopted a minimum tax on wealth, which is favored by the French people and has a clear economic rationale. However, the Senate rejected it in the first reading, reminiscent of the Senate's initial rejection of progressive income tax in 1909. Despite conservative arguments against it, the author urges the government to include it in the 2026 finance bill, emphasizing the need to act swiftly given the current budgetary, political, and geopolitical situation.
Adoption of minimum tax on wealth by the National Assembly
Rejection by the Senate in the first reading
Historical parallel to the 1909 income tax debate
Call for government to include it in the 2026 finance bill
Urgency due to current circumstances
Senate rejection of the minimum wealth tax
Conservative arguments against the tax (confiscatory, impractical, dangerous)
Risk of losing time, similar to the 1909 income tax delay
Political pressure needed for adoption