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Zucman Renews Minimum Wealth Tax Push at Assembly Debate as Stiglitz Urges Rethink

The prime minister has ruled out the 2% levy for the 2026 budget.

Overview

  • Gabriel Zucman warned that proposed alternatives to taxing ultra-wealth address only a small slice of avoidance and would be far less effective.
  • He defended a minimum-rate design without exemptions to guarantee a non‑negotiable floor payment from the richest households.
  • Nobel laureate Joseph Stiglitz told the event that France could proceed alone, urged the prime minister to reconsider, and proposed an exit tax to deter departures.
  • Press reports say the government is weighing narrower options such as increasing the flat tax on capital income, renewing a corporate surtax for large firms, and trimming the Dutreil business transfer relief.
  • Sébastien Lecornu previously rejected both a return of a wealth tax and the 2% minimum levy on fortunes above €100 million, as a packed Assembly debate kept the issue in the spotlight.