President Donald Trump meets with French President Emmanuel Macron in the Oval Office of the White House on Feb. 24, 2025. Jim Watson/AFPFrance’s tax on top earners, introduced last year, is projected to raise far less than initially forecast, underscoring how difficult it can be for governments to extract more revenue from the wealthy once taxpayers have time to adjust.Implementation timing, tax-base definition, legal constraints, and taxpayer behavior play a decisive role in whether such policies deliver on their revenue promises.
French Wealth Tax Shortfall Fuels Debate Amid California Billionaire Tax Proposal
Related Articles
EuropeThe Final wakeup call
Lula wins a miracle election in Brazil. Now comes the hard part: putting the country back on the right track
Three weeks ago, Brazilian President Luiz Inácio Lula da Silva’s political obituaries...
EuropeThe Final wakeup call
US midterms: what a new Congress could and could not change for Europe
US midterm elections traditionally attract fewer voters than presidential contests. But this...
EuropeThe Final wakeup call
Political power without balance leads to the erosion of democracy, what Montesquieu can teach modern-day France
KEY TAKEAWAYS Democratic erosion does not start by doing away with elections;...
China Business & EconomyChina NewsChina Technology
China Tech Index Plunges More Than 40 Percent From July Peak
China’s technology-heavy STAR 50 index has fallen by more than 40 percent...
