Wealth tax debate is a key day for French government as bill divides MPs

France's National Assembly recently turned down two significant proposals aimed at taxing the ultra-wealthy, which has sparked disappointment among advocates for economic equality. The rejected ideas included a 2 percent tax on assets exceeding €100 million proposed by economist Gabriel Zucman and a 3 percent tax on assets over €10 million from the Socialist Party. This decision is crucial as it reflects the ongoing struggle to address wealth inequality in France, raising questions about the government's commitment to fair taxation.

The debate over the 'Zucman tax' is heating up in the French National Assembly, as lawmakers discuss wealth taxation amid pressure from the Socialist Party for increased tax justice. Named after economist Gabriel Zucman, this proposed tax aims to address wealth inequality, but it has sparked significant division among MPs. Understanding this debate is crucial as it reflects broader discussions about economic fairness and the role of taxation in society.

In a significant development in the Louvre heist investigation, police have arrested five new suspects, including one believed to have been involved in the break-in. This comes eleven days after the initial theft, but unfortunately, the stolen jewellery has yet to be recovered. FRANCE 24's Antonia Kerrigan provides insights from the police commission, shedding light on the identities of those arrested. This case is crucial as it highlights ongoing efforts to combat art theft and restore stolen cultural treasures.

French lawmakers have taken a significant step by voting on amendments to next year's budget bill that aim to increase taxes on multinational corporations. This includes doubling the existing digital tax on global tech giants and introducing a minimum tax rate of 25% on profits earned in France. While this move reflects the government's intent to ensure fair taxation, the amendments face uncertainty as they may be challenged in the conservative-controlled Senate. This situation highlights the ongoing debate over corporate taxation in France and its implications for international businesses operating in the country.

France is on the verge of a significant legal change as its Senate prepares to approve a bill that will redefine rape and sexual assault to include a lack of consent. This move comes in the wake of the high-profile Gisèle Pelicot mass rape trial, highlighting the urgent need for stronger protections against sexual violence. The bill's passage marks a crucial step towards ensuring that consent is at the forefront of legal definitions, reflecting a societal shift towards prioritizing victims' rights.

The French government is facing a challenging situation as lawmakers prepare to debate the controversial 'Zucman tax' aimed at wealth redistribution in the 2026 budget. With far-right leader Marine Le Pen opposing the tax, its adoption seems unlikely. However, socialists have threatened to vote down the budget if the tax is excluded, potentially leading to a dissolution of the National Assembly. This debate is crucial as it highlights the deep divisions in French politics and the ongoing struggle over wealth inequality.

The ongoing protests in Tanzania following the recent elections have turned deadly, with credible reports indicating that at least 500 people may have lost their lives. This alarming situation highlights the escalating tensions in the country and raises concerns about the state of democracy and human rights in the region. The international community is closely monitoring the developments, as the loss of life in such circumstances is a tragic reminder of the potential consequences of political unrest.

Prosecutors have received new information regarding the 2007 murder of Meredith Kercher, a case that has drawn significant media attention and public interest over the years. This development could potentially lead to new insights or breakthroughs in the investigation, which remains unresolved. The case has not only impacted the lives of those directly involved but has also raised questions about the justice system and its handling of such high-profile cases.

The Breeders' Cup 2025 kicked off in California, showcasing thrilling horse racing action on its first day. This prestigious event not only highlights the best in the sport but also marks a significant moment for fans and participants alike, especially with the spotlight on legendary jockey Frankie Dettori as he navigates his future in racing. The excitement surrounding the races and the potential for new records adds to the event's allure, making it a must-watch for enthusiasts.

Former Duke of York Andrew is reportedly set to receive a significant one-time payment along with an annual stipend as Buckingham Palace works on his transition to life as a commoner. This financial support aims to help him manage his expenses and marks a step towards resolving ongoing scrutiny regarding his status. The king is looking for a definitive solution to Andrew's situation, which has been a topic of public interest and concern.

Canada has unveiled its first critical minerals projects as part of a G7 partnership, highlighting 25 initiatives that include purchase agreements for a graphite mine in Quebec and investments aimed at expanding a rare earth elements refinery in Ontario. This is significant as it positions Canada as a key player in the global supply chain for essential minerals, which are crucial for various technologies and green energy solutions.

Liverpool's head coach Arne Slot has expressed his commitment to maintaining the team's attacking style despite facing a challenging period, with six defeats in their last seven matches. He acknowledges the team's struggles but emphasizes the need to improve defensively ahead of the upcoming match against Aston Villa. This situation is significant as it highlights the pressure on Liverpool to turn their performance around, especially considering it's their worst domestic run in 72 years.