Overview
- Senators from the right–centre majority opposed the Socialist plan for a zero‑interest “forced loan” on roughly 20,000 top taxpayers, prompting sponsor Patrick Kanner to withdraw the amendment.
- Under the shelved proposal, households with taxable income above €1 million or net wealth over €10 million would have lent to the state for three to five years without interest.
- Prime Minister Sébastien Lecornu suspended the 2026 property‑tax base update until spring, a move that would have affected about 7.4 million homes and roughly €460 million in local revenue.
- The upper house drastically narrowed the planned tax on holding companies to a list of luxury assets and lifted the rate to 20%, cutting expected yield to about €100 million from the government’s €1 billion target, according to Amélie de Montchalin.
- The Senate also passed in first reading a partial overhaul of the real‑estate wealth tax, lifting the threshold to €2.57 million and excluding investment property, with the government warning it would raise about €600 million less than the current IFI as negotiations continue toward a 15 December vote.