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Éric Lombard Says Tens of Thousands of Wealthy French Pay No Income Tax

He argues the official tally omits households whose wealth is held in financial assets.

Overview

  • Finance Ministry documents sent to the Senate confirm at least 13,335 households liable for the real-estate wealth tax (IFI) reported nil or negative income tax for 2024.
  • Speaking on RTL on Feb. 27, the former economy minister estimated the true total is between 13,000 and under 100,000, or roughly 0.1% to 0.3% of households.
  • He says a significant share of cases results from legal tax over-optimization and that focusing only on IFI payers misses households with substantial financial assets.
  • The government says it is examining the phenomenon, with Economy Minister Roland Lescure citing ongoing work and Public Accounts Minister David Amiel calling for deeper analysis of varied taxpayer situations.
  • Highlighting equity concerns, Lombard proposes considering taxation indexed to patrimony or financial savings, while noting the arrangements he describes are lawful.