French National Assembly launches probe into ultra-wealthy taxation

Initiated by centrist deputy Charles de Courson, the French National Assembly has approved a commission of inquiry into taxes paid by the wealthiest taxpayers. The parliamentary group will examine the contribution of high patrimonies and incomes to public services funding. The move follows the removal of the Zucman tax from the 2026 budget.

The French government recently hailed the adoption of the 2026 budget on February 2, excluding the controversial Zucman tax on the ultra-wealthy. Yet, the debate over their taxation endures. On February 3, the Assembly's conference of presidents approved an inquiry commission proposed by the centrist and independent LIOT group (Libertés, indépendants, outre-mer et territoires).

This initiative draws on the group's "right of draw" to investigate "the taxation of the highest patrimonies and incomes and their contribution to funding public services". Charles de Courson, a Marne deputy and key figure in the finance commission, will serve as rapporteur. The presidency will go to a member of the government coalition.

"There have been many controversies on the subject, and it's time to see clearly", stated Mr. de Courson. The commission has six months to complete its work, aiming to conclude before parliamentary holidays. This timing will inform discussions on the next budget, amid a lack of reliable data on ultra-wealthy taxes that fuels ongoing disputes.

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French National Assembly finance commission rejecting the Zucman tax proposal on high patrimonies during budget debate.
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Zucman tax rejected in commission during 2026 budget examination

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The National Assembly's finance commission rejected the Zucman tax on very high patrimonies on Monday, October 20, proposed by the left. Deputies from the government coalition and the National Rally voted against this amendment, which aimed to impose a 2% minimum on patrimonies over 100 million euros. The debate will continue in the hemicycle starting Friday.

Eric Coquerel, president of the National Assembly's finance commission, visited the Ministry of Economy and Finance on Friday, January 16, to review documents on the taxation of the ultra-rich. The move follows statements by Éric Lombard claiming that thousands of wealthy taxpayers pay no income tax. Coquerel confirms significant fiscal disparities for several thousand individuals.

Imeripotiwa na AI

The National Assembly rejected the Zucman tax on high patrimonies on Friday by 172 votes in favor and 228 against, at the heart of debates on the 2026 budget. Shortly after, deputies approved an amendment transforming the real estate wealth tax into an 'unproductive wealth tax,' carried by MoDem and sub-amended by socialists. This decision, supported by an unexpected alliance between PS, RN, and centrists, marks a symbolic victory for the left and far-right opposition.

French lawmakers began examining the 2026 social security financing bill on October 27, 2025, amid tensions over suspending the pension reform and drastic savings measures. A government amendment increasing the surtax on large companies was adopted, while the Zucman tax debate was postponed. Discussions are set to be contentious with a projected deficit of 17.5 billion euros.

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The French National Assembly suspended debates on the first part of the 2026 finance bill on November 3, with over 2,300 amendments still to examine. Discussions will resume on November 12, after the social security budget review, in a race against time to meet the November 23 deadline. This delay fuels fears of the government resorting to ordinances.

In the night of November 21 to 22, 2025, the French National Assembly rejected almost unanimously the first part of the 2026 finance bill, concerning revenues. Only one favorable vote and 84 abstentions were recorded against 404 rejections. The government's initial text will be sent to the Senate without the adopted amendments.

Imeripotiwa na AI

On January 13, 2026, the French National Assembly resumed examination of the 2026 finance bill, following the failure to reach agreement in the joint parliamentary committee in December. Economy Minister Roland Lescure assured deputies that the text is "within reach," urging a final effort for compromise. Yet few lawmakers believe it can pass without invoking article 49.3 or using ordinances.

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