A French national flag flies above the Elysee Palace in Paris, France, October 23, 2024. REUTERS/Stephanie Lecocq
PARIS (Reuters) - France's National Assembly on Friday approved an amendment to the government's 2025 belt-tightening budget bill that would hit the country's wealthiest individuals with a billionaires tax.
The Zucman amendment, sponsored by leftist lawmakers from La France Insoumise party and inspired by French economist Gabriel Zucman who advocates a global billionaires tax, would impose a 2% levy on those with fortunes in excess of 1 billion euros.
