French Council Proposes Higher Taxes for Wealthy Retirees

The Council of Mandatory Levies suggests revising tax benefits to enhance fiscal equality among citizens.

The Council of Mandatory Levies, linked to the French Court of Auditors, recommends eliminating tax advantages for the wealthiest retirees.
Current tax exemptions, including a 10% pension deduction, disproportionately benefit the top 10% income bracket.
The report argues that fiscal equality is crucial for public acceptance of necessary economic measures.
Proposed changes aim to shift tax benefits to middle-income families by adjusting the family quotient and other mechanisms.
The recommendations could potentially increase state revenue by up to 1.7 billion euros, benefiting middle-income households.