Overview

• The prime minister confirmed the 2% ultra‑wealth levy will not appear in the government’s initial budget submission, while signaling that some taxes will rise and others fall.
• The Zucman plan would set a 2% minimum effective levy on net wealth above €100 million through a differential contribution affecting roughly 1,800 households.
• Sébastien Lecornu cited risks to employment, investment and competitiveness and refused to tax professional assets, pointing to a Conseil d'analyse économique estimate of under €5 billion in potential yield versus higher public claims.
• Legal and practical uncertainties persist, including constitutionality, valuation for non‑cash assets such as startup holdings, and the possibility of in‑kind payment with shares suggested by Gabriel Zucman.
• Business figures warn founders could be forced to sell stock to pay, while left‑leaning voices argue for the measure with higher revenue and strong public backing reported, and lawmakers retain the option to propose it during budget debates.