France: The Senate wants to tax wealthy households more

Senators have voted in favor of a number of amendments to the PLF2025 that would increase taxes on the wealthiest households. On the agenda: a transformation of the Impôt sur la Fortune Immobilière (IFI) into an Impôt sur la Fortune Improductive, with a broader tax base.

 

TheImpôt sur la Fortune Immobilière (IFI) could give way to the “Impôt sur la Fortune Improductive ” in France…

 

A new avatar of the levy introduced in 1982, then known as the “Impôt sur les Grandes Fortunes” (IGF), was voted through the Senate on November 27 as part of the PLF (Projet de loi de finances) 2025, against the advice of the government.

 

This is not the only development likely to change the tax landscape for the wealthiest households. In these times of treasure hunting to make up for France’s abysmal deficit, the upper house has just approved several measures and amendments concerning them, as part of the Finance Bill 2025. Proof that this target is considered interesting (and bankable…) by many, the proposals came from a good part of the political spectrum.

 

Vote on the differential contribution on high incomes

 

The Senate approved the government’s proposed “high-income tax differential” (CDHR). Aimed at raising 2 billion euros a year until 2027, it introduces a minimum rate of 20% on incomes in excess of 250,000 euros a year for a single person and 500,000 euros for a childless couple.

To continue reading this article, subscribe or log in to your account

Discover our plans

Subscribe for 1€

Become an active member of the community of luxury leaders.

Read also > Challenges ranking of France’s 500 richest companies: luxury goods still in pole position

Featured Photo: © Sénat Facebook

Picture of Sophie Michentef
Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.
Luxus Magazine Automne/Hiver 2024

Luxus Magazine N°9

Available now

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Special offer

Subscription from 1€ for the first month

Luxus Plus Newsletter