Paris: French Prime Minister Sebastien Lecornu is preparing to introduce a bold tax initiative aimed at individuals earning over €250,000 annually, or €500,000 for couples, as part of efforts to win support from the Socialist opposition for the 2026 state budget. According to the financial daily Les Echos, the proposed measures are expected to generate an additional €3 billion in revenue next year.

The plan includes renewing a one-off tax originally introduced by former Prime Minister François Bayrou, designed to ensure that high-earning households contribute at least 20% of their income in taxes. This initiative targets fiscal fairness and has been positioned as a compromise to attract leftist support without alienating the broader electorate.

In addition, the government is set to cra

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