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MPs vote to replace France’s property wealth tax with ‘unproductive wealth’ levy
France’s proposed ‘unproductive wealth’ tax - part of ongoing 2026 budget talks - would cover assets such as art, coin collections and some assurance vie policies
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Interview: Gabriel Zucman on France’s ‘Zucman tax’
Economist says idea is not to make the rich pay more than the rest of the population but rather to ensure they cannot pay less
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Bills for France’s second-home property tax will start to arrive next week
More than 1,600 communes have opted to raise additional rates for the taxe d’habitation this year
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.
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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