Exclusive: French Prime Minister Gabriel Attal on Increasing Taxes for the Wealthy and Reducing Super Profits of Energy Companies

What proposals does Gabriel Attal expect regarding taxing the wealthy?

In the 8 p.m. set of TF1 on Wednesday, March 27, Prime Minister Gabriel Attal was asked for his thoughts on increasing taxes for the wealthiest individuals in France. He stated that he is open to hearing credible proposals from parliamentarians, social partners, and associations of elected officials. Attal emphasized that France is not a tax haven and highlighted the country’s national wealth tax and real estate wealth tax.

Attal noted that in France, just 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 super profits, Attal mentioned that he has not yet formed 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 outlined two red lines: no tax increase for middle-class families and retirees and no hike in taxes for businesses. These are key considerations as discussions around tax reform continue.

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