‘New common sense’: Oxfam calls on governments to do more to tax the rich
Issued on: 15/10/2025
FRANCE24
Play (05:07 min)
From the show
Reintroducing a wealth tax has become a particularly divisive issue in France’s ongoing budget battle. In a world where the richest 1 percent hold more wealth than the bottom 95 percent combined, Susana Ruiz, Tax Policy Lead at Oxfam International, tells FRANCE 24 that taxing the rich is “a new common sense.” Also in this segment, Elon Musk’s Starlink has come under scrutiny amid allegations it is helping to power online scam centres in Southeast Asia.
Reintroducing a wealth tax has become a particularly divisive issue in France’s ongoing budget battle. In a world where the richest 1 percent hold more wealth than the bottom 95 percent combined, Susana Ruiz, Tax Policy Lead at Oxfam International, tells FRANCE 24 that taxing the rich is “a new common sense.” Also in this segment, Elon Musk’s Starlink has come under scrutiny amid allegations it is helping to power online scam centres in Southeast Asia.
By: Yuka ROYER
The French CEO prepared to pay more tax
Issued on: 14/10/2025 - RFI
As France grapples with its worst political crisis for decades, and different parties are at loggerheads over the budget for 2026, Pascal Demurger CEO of MAIF insurance argues it's time for the country's biggest companies and wealthiest individuals to make an extra effort – in the name of greater tax justice and social cohesion.
Issued on: 14/10/2025 - RFI
As France grapples with its worst political crisis for decades, and different parties are at loggerheads over the budget for 2026, Pascal Demurger CEO of MAIF insurance argues it's time for the country's biggest companies and wealthiest individuals to make an extra effort – in the name of greater tax justice and social cohesion.
French Socialists to push wealth tax after securing PM's pledge to suspend pension reform
France’s opposition Socialist Party said Wednesday it would push for a so-called "Zucman tax" targeting the country’s richest individuals, a day after Prime Minister Sébastien Lecornu agreed to suspend an unpopular pension reform in a bid to survive a looming no-confidence vote.
Issued on: 15/10/2025
By: FRANCE 24
Socialist Party leader Olivier Faure has hailed a government pledge to suspend an unpopular pension reform as a "victory" for his party. © Gonzalo Fuentes, Reuters
France's Socialist Party would look to introduce a so-called Zucman wealth tax as part of plans to raise revenue from taxing the country's richest individuals, party leader Olivier Faure told BFM TV on Wednesday.
Asked by BFM TV if the Socialists would implement the Zucman tax, Faure replied: "Of course."
France's Socialist Party would look to introduce a so-called Zucman wealth tax as part of plans to raise revenue from taxing the country's richest individuals, party leader Olivier Faure told BFM TV on Wednesday.
Asked by BFM TV if the Socialists would implement the Zucman tax, Faure replied: "Of course."
The tax, named after an idea put forward by French economist Gabriel Zucman, entails a 2% levy on the wealthiest 0.01% of people in France.
Pension reform 'victory'
Faure's comments come a day after Prime Minister Sébastien Lecornu promised to suspend the implementation of an unpopular 2023 pension reform, in what the opposition Socialists described as a key "victory".
The decision brought some relief for the embattled premier after the Socialists said they would not vote to oust him – for now.
Socialist lawmaker Boris Vallaud said his group was ready to take a "gamble" to allow debates on the budget to proceed.
"We are capable of compromise," he said, before however adding a warning: "We are capable of bringing down a government."
The pension bill, which a previous government used a constitutional power to force through parliament without a vote, sparked months of angry protests.
(FRANCE 24 with Reuters, AFP)
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