Would mandatory lending for the richest become a new Zucman tax, a symbolic move pushed by left-wing groups to gain a political victory on the tax issue? However, the proposal was just presented, through amendments, on Tuesday November 25, by three PS senators and most importantly, the group’s chairman Patrick Kanner and the president of the Finance Committee, Claude Raynal.
The idea is to launch a “mandatory loan for a term of five years, with a gross actuarial rate of 0% per annum”, which would be paid by the richest households. Twenty thousand taxable households will be affected. According to the signatories of the 2026 amendments to the finance law, this aims to combat “the growing sense of fiscal injustice expressed by the French people who consider that the most privileged among us make a proportionally smaller contribution to the social compact and state financing than the most modest groups”.
