Debate over excluding professional assets from Zucman tax

October 03, 2025 Reported by AI

France's Medef criticizes the Zucman tax by advocating exclusion of professional assets, but Gabriel Zucman counters that it would empty the tax of its substance. This controversy arises amid fiscal reforms targeting great fortunes in France. Arguments from both sides highlight tensions over taxing the wealthiest.

EU Debates Taxing Digital Platforms

The European Parliament discussed proposals for taxing large digital platforms during the September 2025 plenary. The debate aims to address fair taxation in the digital economy.

Four major tax niches targeted for 2026 budget

The French government plans to eliminate or reduce four major tax niches as part of the 2026 budget to generate significant savings. These measures aim to streamline tax expenditures that heavily burden public finances. Discussions are ongoing in Parliament, with presentation scheduled for October.

Sébastien Lecornu open to Zucman tax substitute

October 04, 2025 Reported by AI

French Armed Forces Minister Sébastien Lecornu has expressed readiness to create a substitute for the Zucman tax in the 2025 budget. Nobel Prize-winning economist Joseph Stiglitz supports France implementing the tax independently. These statements come amid debates on financing defense and reducing inequality.