Taxes
French government unveils 2026 budget with tax hikes and spending cuts
Reported by AI Image generated by AI
On October 14, 2025, Prime Minister Sébastien Lecornu presented the 2026 finance bill, aiming to cut the public deficit to 4.7% of GDP through €14 billion in extra tax revenues and €17 billion in spending savings. The budget targets high earners, businesses, and social expenditures, while drawing criticism over its feasibility.
Miljöpartiet congress in västerås debates taxes and term limits
Miljöpartiet's congress in Västerås has begun with debates on new taxes and changes to term limit rules. Grön ungdom proposes three new taxes to counter inequality, while the party board seeks to extend terms for experienced members. The congress gathers around 800 participants ahead of the 2026 election.
Government rejects socialists' Zucman tax proposal
Socialists threaten to censure the budget unless taxation on the wealthiest is agreed upon. Their Zucman tax proposal, a 2% levy on wealth over 100 million euros, has been rejected by the government. Examination of this budget section is set for Wednesday at the National Assembly.
Tax reforms not impacting Colombia's government revenue
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Intense debates begin on France's 2026 budget in parliament
Jean Martin Image generated by AI
Debates on France's 2026 budget project promise to be fierce in the National Assembly, with over 1,700 amendments filed for the revenues section. Budget rapporteur Philippe Juvin sharply criticizes the planned tax increases and calls for cuts in public spending. The finance committee review begins on Monday, October 20, in a tight schedule.
IRS claims $14,000 owed for unreported Social Security income
A taxpayer received an IRS notice demanding $14,000 for failing to declare Social Security benefits as income. The individual vows not to let the government 'walk all over' them and seeks guidance on next steps. This case highlights common tax pitfalls with retirement benefits.
French assembly debates 2026 budget amid fiscal tensions
The French National Assembly continues debates on the 2026 finance bill, slowed by numerous amendments and divisions over tax increases. A poll shows 64% of French people expect the budget's rejection, fearing government censure more than the president's resignation. Sébastien Lecornu's government sticks to not using Article 49.3, leaving it two months to secure a majority.