Overview

• Economist Gabriel Zucman’s plan would set a 2% minimum annual tax burden for households with net wealth above €100 million, with about 1,800 tax households affected if enacted.
• After the National Assembly approved a left-backed bill on February 20, the Senate rejected it on June 12, leaving the measure stalled as pressure grows on Prime Minister Sébastien Lecornu ahead of budget talks.
• Medef chief Patrick Martin denounced the proposal and said the employers’ group will hold a large rally in the coming days, while LVMH’s Bernard Arnault labeled the plan an economic threat.
• Some business figures urged a calibrated approach rather than outright rejection, as debate intensifies over design issues such as valuing non‑listed assets and whether to exclude professional holdings.
• Left-wing deputy François Ruffin urged sanctions such as stripping civic rights or freezing assets for wealthy taxpayers who leave to avoid higher bills, a stance that drew sharp rebukes from the right as economists cited data showing limited emigration among top capital-income households.