French Prime Minister Gabriel Attal Expresses Openness to Taxing Wealthiest Individuals, while Drawing Red Lines for Middle Class and Businesses

What proposals does Gabriel Attal expect regarding taxing the wealthy?

On Wednesday, March 27, during the 8 p.m. set of TF1, Prime Minister Gabriel Attal was asked for his thoughts on increasing taxes for the wealthiest individuals in France. He responded by expressing his openness to credible proposals from parliamentarians, social partners, and associations of elected officials. Attal emphasized that France is not a tax haven and pointed to the country’s national wealth tax and tax on real estate wealth as evidence of this.

According to Attal, 10% of the population in France pays 70% of income tax, highlighting the special tax on high incomes that exists in the country. When it comes to taxing super profits, Attal acknowledged that he does not have a fixed opinion on the issue, despite it being a divisive topic within his majority. However, he did mention the possibility of changing taxation on the super profits of energy companies, which only brought in 600 million euros in 2023.

The Prime Minister drew two red lines – no tax increase for the middle class and retirees, and no hike in taxes for businesses. These are key considerations as discussions around tax reform continue.

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