The tax elements of French PM Lecornu's draft finance bill reportedly include 30 articles, some have already been announced, but also the addition of a tax on "assets not allocated to an operational activity of property holding companies", via Playbook
Important
SourceNewsquawk
SectionGlobal News
- The tax is designed to target the richest members of society, writes Playbook.
Socialist Party (PS)
- Playbook, citing a source, reports that there is no question for the PS of "doing another round of negotiations on Wednesday, Thursday or Friday".
- Source adds that around one-third of elected PS officials are tempted to move towards censure.
- Around one third would prefer not to bring down the Lecornu gov't, on the condition of significant concessions.
- The remaining third are undecided.
- PS President Vallaud will speak this afternoon after Lecornu, but is not expected to announce the PS position at that point.