I parlamentari francesi votano a favore dell’imposizione delle tasse sulla ricchezza su “ultra-ricchi”

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>On Thursday, French MPs voted by 116-39 in favour of this measure. The Greens and other left-leaning parties declared it a victory for tax justice. However, it must be noted that this bill still faces an almighty battle to become national law.
That’s because many right-wing parties, including the far-right Rassemblement National (RN), abstained from the vote. When the bill reaches its second reading, and these figures cast their vote, it will likely stop the proposed wealth tax in its tracks.

Great day now another nation do this as well

This is how things should be done. No one needs or deserves a fleet of Ferrsri’s when poverty is on the rise and international hostilities are breaking out! Tax the rich!

The article doesn’t give much detail?

Taxing net worth is trickier than taxing income because you need to assess the value of all assets a person owns. Total Assets – Total Liabilities = Net Worth.

Some things are easy to determine, such as publicly traded stocks, since their value is public, and ownership is public. However, what if it’s a private company? It’d require independent valuation. Art, cars, jewelry, or even cryptocurrency holdings would also likely require self evaluations. Plus, valuations change, so they may need to use an average over time to prevent wild valuation swings.

How do they aim to prevent asset hiding? I know I’d move my money offshore, or shift my assets into hard-to-value categories to avoid additional taxation.

Then you have liquidity issues. Net worth is not the same as liquidity. Would there be enforced selling of assets? Seizures? Grace periods to allow for funds to be liquidated? What does the enforcement look like? It’d require strong oversight to ensure compliance, and without international cooperation it will fall extremely far of their projections.

I’m not against it, I’d even go as far as to reduce the threshold. Spain has their progressive wealth tax ranging from 0.2% to 3.75% on net assets above 700,000 euro, and Norway levies a 0.85% tax on net assets exceeding approximately 150,000 euro.

My issue is this is purely purely an approval of an idea, without laying out any of the logistics of how it will work. You can take it as nothing more than a political statement rather than a well-structured policy.

Didn’t the last time France impose a wealth tax, they ended up losing tax revenue? Oh yeah, it did happen. Don’t worry, this time it’ll work!

Hands up, anyone in favour of the complete suppression of the far right across Europe.

More far-left populist policies. Disgusting

Let me guess, ultra-rich will be anyone earning above 30k/yr? 🙂 /s

PS: while in theory I’m all for such taxes, but in practice every time they mean additional taxes to the middle earners on salary, while having zero impact on the actual rich. EU needs to combat offshores, both outside and inside EU, that is the only way to get to the rich’ pockets.

In Europe there should be no undesirables like Musk or Trump.

The French: apparently the most based people on Earth.

Every EU country (and the UK) should raise their taxes on the ultra rich + large businesses by the same percentage in solidarity to fund Europe’s defense.