Tax Talk: France's Debate on Who Should Pay More

Paris, FranceFri Oct 31 2025
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France is having a big talk about money and who should pay more taxes. The government and lawmakers can't agree on how to fill a big budget gap. Some want to tax the super-rich, while others worry this could hurt the economy. Left-wing politicians have a plan. They want to tax people who have more than 100 million euros. An economist named Gabriel Zucman says this could bring in a lot of money each year. He thinks it's fair because the rich should pay at least as much as regular people. But the prime minister, Sebastien Lecornu, disagrees. He thinks taxing the rich too much could be bad for businesses. Instead, he wants to tax people who hide their money in special companies to avoid taxes. This tax would bring in less money, but he thinks it's better for the economy. The government doesn't have a majority in parliament. So, they need support from other lawmakers to pass the budget. Socialist lawmakers want to make the tax on hidden money stricter. They say they just want fairness, not to take everything from the rich. The final decision isn't made yet. The budget still has to go through the Senate and the constitutional court. So, the debate isn't over.