As part of its austerity budget for 2026, the French government had proposed a tax on holdings – entities wealthy individuals often use to register their assets to protect them from taxation – in a nod to popular demand for ‘fiscal justice’, set to bring in a billion euro. After more than seventy discussed amendments, the bill was adopted by Parliament to the dismay of the Socialist party who believe its scope is too narrow. FRANCE 24’s Antonia Kerrigan tells us more from the National Assembly.
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