Feb 16 β€’ 17:53 UTC πŸ‡«πŸ‡· France Le Figaro

Why the Constitutional Council might ultimately censor the holding tax

The French Prime Minister has approached the Constitutional Council regarding the legality of measures taxing the wealthy included in the 2026 budget.

The ongoing budget discussions in France, particularly concerning the taxation of the affluent, have taken on a theatrical undertone, likened to a Shakespearean drama. Despite the political maneuverings around proposals like the Zucman tax and a return to the wealth tax, the government proposed three new measures aimed at the fortunes of the wealthy to gain the favor of socialist parties. After the recent rejection of a censure motion pertaining to the budget, the Prime Minister took the unusual step of seeking the advice of the Constitutional Council on the legal standing of these original proposals he had previously advocated. This action raises questions about the government's confidence in its own legislative measures and the potential implications for the proposed tax policies moving forward.

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