The deputies, who from Wednesday consider the revenue part of the state budget for 2025, decided to return to the original version of this system, created under Nicolas Sarkozy. This made it possible to tax the unrealized capital gains of business leaders who decided to transfer their tax residence abroad, unless they kept their shares for at least 15 years after leaving.
Big consensus
In 2018, in the name of France’s attractiveness to investors, Emmanuel Macron reduced this measure, reducing the term from 15 to 2 years. In practice, this meant “simply abolishing the tax”, Véronique Luvaggi explained in the justification for her amendment. The measure, which gathered broad consensus on Thursday, is far from final passage, however, with all committee votes having to be resumed in the semi-finals, where lawmakers will start from the original version of the bill.
