Overview
- An Ifop/Ipsos survey reported this week found 86% support for a 2% levy on fortunes above €100 million, with backing spanning party sympathizers including 92% of Renaissance, 89% of Les Républicains, 96% of PS and 75% of RN voters.
- The proposal, known as the 'taxe Zucman', would apply annually to around 1,800 households and could raise up to €20 billion according to its architect, economist Gabriel Zucman.
- Parliamentary action remains split: the National Assembly approved the measure in February, but the Senate rejected it in June.
- Prime Minister Sébastien Lecornu and the executive have signaled the tax will not be implemented now, despite its strong public backing and renewed media focus.
- Debate over taxing top wealth is intensifying across Europe, with the UK weighing options, Norway maintaining a wealth tax, Switzerland set for a November referendum on high-value inheritances, and Spain applying a progressive solidarity levy.