the temporary tax on high incomes validated by senators

The deputies adopted this measure, but made it permanent.

Published on 26/11/2024 19:06

Updated on 26/11/2024 19:26

Reading time: 1min

Budget Minister Laurent Saint-Martin during a speech to the Senate, November 26, 2024, in Paris. (ALAIN JOCARD / AFP)
Budget Minister Laurent Saint-Martin during a speech to the Senate, November 26, 2024, in . (ALAIN JOCARD / AFP)

Senators voted in the 2025 budget, Tuesday, November 26, the “differential contribution” on high incomes proposed by the government. It is supposed to bring in 2 billion euros per year until 2027. Unlike the deputies, who had decided to make this new tax permanent on the most fortunate, the Senate adopted the initial version of the executive, which limits the extended to three years.

However, Budget Minister Laurent Saint-Martin said he “open” has “maintain” this collection “as long as the country's public deficit has not returned to 4%”as he had already suggested two weeks ago to the National Assembly. The Bercy tenant, however, considered that there was no “no need to modify” the content of this “tax justice measure”, which establishes a minimum rate of 20% on income above 250,000 euros per year for a single person and 500,000 euros for a couple without children.

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