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Radio France Internationale
Radio France Internationale
National
RFI

Seven Nobel laureates urge France to adopt tax on 'ultra-rich'

The French ultra-rich hold nearly 30 percent of France’s GDP in wealth. © pixabay.com

Seven Nobel Prize-winning economists have called on France to implement a minimum tax on wealthiest households, endorsing a measure inspired by the so-called "Zucman tax" that was rejected by the French Senate last month. The proposal comes as the French government looks for new sources of public revenue to balance its strained public finances.

In a joint op-ed published Monday in Le Monde, the laureates argue that France has a chance "once again to show the way to the rest of the world," by taking the lead on taxing extreme wealth.

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