Revenue from a tax targeting high earners in France is expected to be far below forecasts this year, as wealthy people find ways to reduce their tax bills. However, a new corporate tax could bring in more than first predicted in 2026, which might help offset the disappointment.
The tax on top earners that was introduced last year is expected to raise only €650 million this year compared to the €1.65 billion initially forecast, sources at the Ministry for Public Accounts told journalists, confirming a report by French daily Le Monde.
