Over 13,000 Millionaires Avoid Income Tax, Reveals Bercy Report
Recent findings from a Bercy report have unveiled a concerning trend among France’s wealthiest citizens. In 2024, a total of 18,525 households, each possessing real estate worth at least €1.3 million, did not pay any income tax. This figure raises eyebrows, especially considering that it excludes non-residents and deceased individuals.
High-Income Households and Tax Evasion
The statistics reveal that even after accounting for special cases, about 13,335 extremely affluent individuals managed to evade income taxes. This situation was highlighted in documents provided by the Ministry of Economy and Finance to key Senate finance committee members Claude Raynal of the Socialist Party and Jean-François Husson from The Republicans.
Eric Lombard’s Statements
Eric Lombard, a former Minister of Economy and Finance, stirred debate earlier this year. In January, he pointed out in an interview with Libération that many of the wealthiest households report a fiscal income of zero. This claim suggests that these individuals exploit loopholes in the tax system.
Public Outrage and Budget Concerns
The revelation of widespread tax evasion among millionaires has ignited discussions about fairness in the tax system. Critics argue that while regular citizens contribute to the nation’s budget, the wealthiest are finding ways to avoid their responsibilities. This poses significant challenges for a country facing serious budgetary issues.
Key Statistics
- Total households with assets over €1.3 million evading income tax: 18,525
- Households excluded from the count (non-residents and deceased): 5,190
- Number of exceptionally affluent individuals avoiding income tax: 13,335
The issue highlights the broader implications of tax legislation and its enforcement. The government is under pressure to address these discrepancies to ensure equitable contributions from all citizens, especially the wealthiest.
