Assemblée Nationale

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French National Assembly deputies from left, far-right, and centrist parties celebrate the adoption of a new unproductive wealth tax after rejecting the Zucman tax, in a vivid chamber scene.
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National assembly rejects Zucman tax and adopts new wealth tax

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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.

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