What proposals does Gabriel Attal expect regarding taxing the wealthy?

French Prime Minister Gabriel Attal Opens Door to Increasing Taxes on Wealthy Individuals, but Stands Firm on Middle Class and Retiree Exemptions.

France’s Prime Minister Gabriel Attal has been asked about the possibility of increasing taxes on the country’s wealthiest individuals during an 8 p.m. set on TF1 on Wednesday, March 27th. In response, Attal emphasized that he is open to hearing credible proposals from parliamentarians, social partners, and associations of elected officials.

Attal also highlighted France’s national wealth tax and tax on real estate wealth as examples of how the country is not a tax haven for anyone. He pointed out that 10% of the population pays 70% of income tax, showcasing the special tax on high incomes that exists in the country.

When it comes to taxing super profits, Attal mentioned that he does not have a fixed opinion on the issue despite it being a divisive topic within his majority. He did mention the possibility of changing taxation on the super profits of energy companies, which only brought in 600 million euros in 2023.

Attal outlined two red lines – no tax increase for the middle class and retirees, and no hike in taxes for businesses – during discussions around tax reform. These are key considerations as debates continue over how best to balance economic growth with fiscal responsibility.

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