France’s Economy Minister, Eric Lombard, has announced plans to make a temporary tax on the wealthy a permanent levy to ensure more equitable government financing. The measure aims to contribute to finding €40 billion in savings to reduce the public deficit to 4.6% of GDP in 2026.
The tax, which targets individuals earning over €250,000 and couples with a joint income of over €500,000, has already generated €2 billion in revenue for 2024. Lombard stated that he hopes the contribution will be lasting, citing the need for fairness and significant financial resources.