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Arnault Attacks Zucman in Sunday Times Op‑Ed, Intensifying Fight Over France’s 2% Wealth Tax Plan

The measure faces a parliamentary roadblock after a Senate rejection, with prominent executives and far‑right lawmakers intensifying public criticism.

Overview

  • Bernard Arnault used a September 20 op‑ed to brand Gabriel Zucman an extreme‑left activist and to argue the proposed levy would cripple France’s economy.
  • The plan would impose a 2% annual charge on fortunes above €100 million, a scope proponents say covers about 1,800 households.
  • The proposal cleared the National Assembly earlier this year but was rejected by the Senate, leaving it stalled for now.
  • RN deputy Jean‑Philippe Tanguy called the idea “intellectually very weak,” claiming it would target only a handful of ultra‑rich individuals who would likely leave France.
  • Nicolas Dufourcq of Bpifrance has also denounced the measure, describing it as driven by jealousy and labeling it “communist.”