Sébastien Lecornu open to Zucman tax substitute

October 04, 2025 An Ruwaito ta hanyar 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.

Russia Proposes VAT Hike to Fund Ukraine War

Russia's finance ministry has proposed increasing the value-added tax from 20% to 25% starting next year, aiming to generate additional revenue to sustain military operations in Ukraine. The move comes amid escalating costs of the ongoing conflict, now in its fourth year, and reflects the Kremlin's efforts to bolster state finances without directly taxing citizens more heavily. If approved, this tax adjustment could raise billions in revenue but may exacerbate inflation and economic strain on Russian households.

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.

Debate over excluding professional assets from Zucman tax

October 03, 2025 An Ruwaito ta hanyar 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.