Wealth Tax Proposal Faces Senate Rejection and Legal Challenges

French Prime Minister Sébastien Lecornu faces decision on 2% wealth tax on billionaires.
Tax proposal by Gabriel Zucman passed lower house but rejected by Senate.
Tax targets wealth over €100M, affecting 1,800 households, raising €20B annually.
86% public support, but critics warn of investment deterrence if startups included.
Lecornu's survival depends on negotiating with Socialist lawmakers.

Politics | Policy | Economics

France

Sébastien Lecornu | Gabriel Zucman

3 hours ago