Anne Hidalgo’s climate-related wealth tax will supply “an ecological transition support fund”

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It will “perhaps take other perimeters” than the threshold of 1.3 million euros from which taxpayers were formerly subject to the ISF, argues the socialist candidate.

THE‘”climate wealth tax (ISF)“proposed by Anne Hidalgo will be “entirely dedicated to a fund which will be a support fund for ecological transition, especially for the most modest”, specified the socialist presidential candidate Monday, October 25, in Franceinfo’s “Presidential Mornings”. It will be created “so that these poorest households can acquire, for example, an electric vehicle”, she added.

This climate ISF will be close to the old ISF, replaced by the real estate wealth tax (IFI) at the start of Emmanuel Macron’s five-year term. “We are going to work” on its terms, said the mayor of Paris, because “it may be necessary to take other perimeters” that the threshold of 1.3 million euros from which taxpayers were formerly subject to the ISF.

“The wealthiest households, the richest or in any case the wealthiest, are those who consume the most and who, in fact, have the highest carbon footprint”, assured Anne Hidalgo, to better defend his proposal. No question, for her, of differentiating those who have virtuous practices from others. “I want something that is simply understood by the French” and not “a gas factory”. “I am not going to go and check the nature of the consumption of each of the French”, she insisted.

The environmental candidate Yannick Jadot also proposes a climate ISF, with a different framework, however. It would tax more the financial heritage that invests in fossil fuels.


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