Overview
- The amendment reframes the real-estate wealth tax into a levy on “unproductive” assets, including luxury goods, yachts, works of art, aircraft, cryptocurrencies, cash and certain life-insurance and other financial holdings.
- It sets a single 1% rate above €1.3 million, exempts a primary residence up to €1 million, and continues to exclude professional assets.
- The measure passed 163–150 on October 31 with support from MoDem, the Socialists, RN and Liot, while the government opposed it.
- Public Accounts Minister Amélie de Montchalin said the expected yield is still being modeled, citing a tentative range of €1–€3 billion.
- Left-wing critics, notably LFI, warn the flat rate could lower liabilities for the very richest, as the text now goes to the Senate where it may be revised or dropped.