French Budget: No Consensus on Wealth Tax
Intense negotiations at the Assemblée Nationale on Friday failed to produce a consensus on proposals to tax France's ultra-wealthy.
Prime Minister Sébastien Lecornu announced further discussions with parliamentary groups after the Socialists' ultimatum to implement the Zucman tax on large fortunes was rejected by MPs.
- The Zucman tax was overwhelmingly rejected by MPs in the chamber.
- A new round of negotiations among parliamentary groups has been scheduled.
The tax was rejected, while a new round of negotiations postponed any immediate fall of the government.
Author's summary: French budget talks remain uncertain.
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