Wealth tax: France (2)

History shows that in France, wealth tax is more than a tax. Seen by a majority of the French population which is not subject to it as a tax on the ‘rich’, it is a symbol of equality and the beacon of an ideology. Over the last 40 years three different wealth taxes have applied in France. The paper focuses on the two most recent iterations of the wealth tax: the Impôt de Solidarité sur la Fortune (ISF), and its replacement in 2018, the Impôt sur la Fortune Immobilière (IFI). The paper discusses the applicable rates and thresholds, the tax base and taxable persons (including territoriality and the exit tax), and issues of valuation, liquidity, tax planning and avoidance.

DOI: 10.47445/135
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