DistantNews
Support us

How Raphaël Glucksmann plans to recover 15 billion euros per year by taxing "mega-inheritances"

From Le Figaro · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • French presidential candidate Raphaël Glucksmann proposes taxing "mega-inheritances" to raise 15 billion euros annually.
  • The proposal targets very high net worth individuals and large corporations to counter tax optimization.
  • Glucksmann, representing Place publique, announced his candidacy for the social-democratic primary and the presidential election.

Raphaël Glucksmann, a candidate for the French presidency representing the Place publique party, has unveiled a proposal to significantly increase state revenue by taxing "mega-inheritances." The plan aims to generate an additional 15 billion euros per year for the state coffers. This initiative is part of a broader fiscal strategy focused on higher net worth individuals and large corporations, intended to combat their tax optimization practices.

Glucksmann, who recently declared his candidacy for the social-democratic primary, detailed his vision for France in a book and a preliminary program. Among the proposed measures targeting the wealthiest segment of the population, the inheritance tax plan stands out due to its potential financial impact. The candidate discussed this specific measure on TF1, highlighting its significant scale.

tax more "mega-inheritances"

— Raphaël GlucksmannThis quote summarizes Glucksmann's core proposal regarding inheritance tax.

The Place publique party, which has close ties to the Socialist Party, is positioning Glucksmann as a contender in the upcoming presidential election. His campaign has involved extensive travel across France and public meetings, signaling a determined effort to gain traction. The "42 priority projects" outlined by his team encapsulate their policy agenda, with the proposed fiscal reforms being a central element.

This proposed tax on large inheritances is presented as a "new fiscal effort" specifically designed to address wealth concentration and ensure greater contribution from those with substantial assets. The objective is to bolster state finances while addressing concerns about tax avoidance among the elite.

new fiscal effort, targeted at very high net worth individuals and large groups, to counter their tax optimization

— Raphaël GlucksmannThis quote explains the intended scope and purpose of the proposed fiscal measures.
DistantNews Editorial

Originally published by Le Figaro in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.