Overview

• At a National Assembly debate, Gabriel Zucman argued that only a binding minimum-rate on ultra-wealth can prevent avoidance, saying piecemeal fixes would be gamed.
• Nobel laureate Joseph Stiglitz urged France to reconsider rejecting the measure and said potential expatriation could be contained with an exit tax.
• Prime Minister Sébastien Lecornu has ruled out the 2% levy and a return of the old wealth tax, while Bercy studies options such as reconducting a large-company surtax and raising the flat tax on dividends toward about 36%.
• Socialist Party leader Olivier Faure is demanding roughly €15 billion from companies and the richest, keeping negotiations over the 2026 budget in play.
• Street protests are scheduled for 2 October and the Medef plans a 13 October rally of business leaders, as critics including Thierry Breton denounce the proposal.