Did the Prime Minister announce a new one-time wealth tax yesterday?

In his policy address yesterday, the Prime Minister stated, among other things: "We will propose the creation of a one-time tax on large fortunes, which we intend to use to finance future investments that affect our sovereignty."

A provision with such characteristics does not appear to be included in the draft budget bill.

In fact, neither the differential tax on high incomes nor the holding company tax is earmarked for the investments mentioned by the Prime Minister.

He does not need to "create" the differential contribution, since it was adopted by the 2025 budget law.

Although this measure is supposed to be temporary, it does not appear to be exceptional, as it spans several years. The holding company tax, for its part, is not subject to any time limit. Neither measure would, at first glance, appear to qualify as "exceptional."

Thus, since the draft budget bill does not include a "one-time tax on high net worth individuals," this suggests that the government might propose a new wealth tax during the parliamentary debates.

Poorly written speech or a surprise in store?

A summary of the policy statement and the verbatim transcript are available via this link.

This monitoring service is provided by Mispelon Avocat, a law firm specializing in tax audits and tax litigation. You can stay updated by subscribing to the newsletter via this link.