According to Oxfam’s estimates
As France seeks billions of euros to stabilize public finances, Oxfam has put forward a proposal for a new tax on large inheritances. The organization presented the idea during discussions on the 2027 national budget, aiming to address growing wealth inequality while generating significant state revenue. The suggestion comes as the government faces pressure to find sustainable funding sources without increasing burdens on middle- and lower-income households. Oxfam argues that a targeted levy on estates exceeding a certain threshold—what it calls „super-inheritances”—could yield substantial funds. The proposal draws inspiration from similar measures in other European countries and is designed to tax only the wealthiest transfers, excluding family homes and small businesses.
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British banks urge caution on West Bank settlement projects before funding ban kicks inAccording to Oxfam’s estimates, such a tax could generate up to five billion euros annually if applied to inheritances over five million euros, with progressive rates rising for larger sums. How Would the Super-Inheritance Tax Work in Practice The tax would apply to the net value of inherited assets after debts and allowances, with exemptions for primary residences up to a certain value and transfers between spouses. Oxfam suggests a starting rate of 35 percent on amounts above five million euros, increasing to 45 percent for estates over ten million and 60 percent for those exceeding fifty million. The organization emphasizes that the measure would affect fewer than 0.5 percent of inheritances but could significantly reduce wealth concentration.
Revenue would be directed toward public services, climate transition, and debt
Revenue would be directed toward public services, climate transition, and debt reduction. Could This Tax Gain Political Traction in France While the idea has sparked debate among economists and policymakers, it faces opposition from business groups and some political parties concerned about capital flight and disincentives to save. Supporters, including several left-wing MPs, argue that France already taxes high incomes and consumption but lacks adequate tools to address inherited wealth. The government has not officially endorsed the proposal but acknowledged the need to explore fairer taxation as part of broader budget reforms. Oxfam plans to launch a public campaign to build support ahead of the autumn budget negotiations. Frequently Asked Questions Would the tax apply to family homes or small businesses? No, the proposal includes exemptions for primary residences up to a defined value and excludes transfers of small family businesses to prevent harm to local enterprises.
How many people would actually pay this tax? Oxfam estimates that fewer than one in two hundred inheritances would be affected, targeting only the wealthiest transfers. What would the revenue be used for? Funds would support public services, green transition initiatives, and deficit reduction, according to Oxfam’s outlined priorities.
