France’s wealth tax nets €1.8bn

The property wealth tax IFI, which replaced ISF, is bringing in more than expected – €1.8billion this year, up from €1.3billion in 2018.

Connexion journalist

Published Wednesday 30 October 2019 - 15:00 Modified Wednesday 30 October 2019 - 15:00

When it was brought in, it was expected to net about €850million. Reasons are thought to include more tax inspections, property price increases, and online declaration which helps avoid people undervaluing their homes.

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