October 5, 2025 9:42 AM
French PM plans new tax on people earning over 250,000 euros a year, Les Echos says
French Prime Minister Sebastien Lecornu plans a tax targeting individuals with annual incomes of over 250,000 euros to try to win the Socialist opposition's backing for his government's 2026 state budget, financial daily Les Echos said on Saturday. Les Echos reported that Lecornu plans two measures, each targeting taxpayers declaring more than 250,000 euros ($300,000) in income - or 500,000 euros for a couple - to raise an additional 3 billion euros in fiscal revenue next year. A first measure...