The government must find 50 billion euros to complete its budget.
If the debates have focused since yesterday, and François Bayrou's general policy speech, on pension reform, they must not obscure the primary concern of the new government: succeeding in establishing a budget. The Minister of Public Accounts, Amélie de Montchalin, indicated this Wednesday that France's budget for 2025 provided for “a historic effort” savings of up to “more than 30 billion euros”. We also need to find revenue, the government is looking 50 billion for the 2025 budget. “It will essentially be savings, there will be no new tax increases,” indicated the Minister of the Economy Eric Lombard who ensures “have softened the subject”.
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Among the different avenues to achieve this, the government would consider taxing the richest. François Bayrou indicated that he was working on a “anti-optimization tax for high net worth”details FranceInfo. The Zucman tax, inspired by the work of the French economist Gabriel Zucmanis among the measures envisaged to respond to budgetary challenges and reduce inequalities. This economist, also director of the European Union Tax Observatory, proposes a 2% tax on assets exceeding one billion euros. The exclusive club of billionaires is thriving, it has expanded to 147 fortunes in France in 2024 compared to 67 ten years earlier. Billionaires who perfectly master the rules of tax optimization to pay as little tax as possible.
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“For the moment, no rate has yet been decided and there is no clarification on the legislative aspect”underline our colleagues who indicate that the government hopes to implement this new tax within the year. The expected return would be two billion eurosnuance La Tribune which speaks rather of a “mini Zucman tax”.
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