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France Audit Body Urges Wealth Tax Overhaul as Government Rules Out Livret A Changes

An advisory report from the CPO calls for a revenue‑neutral redesign of a complex and inequitable system by shifting more of the burden to very large patrimonies.

Overview

  • The Conseil des prélèvements obligatoires, linked to the Cour des comptes, proposes a broad reset of wealth taxation that raised €113.2 billion in 2024.
  • The government, via Economy Minister Roland Lescure, said it will not lower the Livret A ceiling or tax amounts above it, distancing itself from the report’s savings proposals.
  • The CPO suggests harmonizing Livret A and LDDS ceilings at about €19,125 and taxing amounts above the cap, a change press estimates say could yield €80–150 million.
  • Targeted measures for the wealthiest include an impôt différentiel sur la fortune personnelle, tighter rules on the pacte Dutreil, and less favorable inheritance treatment for assurance‑vie.
  • The package is designed to be broadly revenue‑neutral, with media citing potential low‑billion receipts from high‑wealth measures, while political reaction—from Parliament to Marine Le Pen—keeps the debate active.