FRENCH LOWER HOUSE APPROVES BUDGET AMENDMENT TO TAX BILLIONAIRES

France's National Assembly on Friday approved an amendment to the government's 2025 belt-tightening budget bill that would hit the country's wealthiest individuals with a billionaires tax.

The Zucman amendment, sponsored by leftist lawmakers from La France Insoumise party and inspired by French economist Gabriel Zucman who advocates a global billionaires tax, would impose a 2% levy on those with fortunes in excess of 1 billion euros.

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