Politics · France · 2 hrs ago
France may raise taxes on savings again in 2027 budget
French savers are adjusting to tax changes that took effect in 2026, while the government is considering further changes for 2027.
The flat tax on many investment earnings rose from 30% to 31.4%.
This followed an increase in the social contribution, which helps fund social security.
The higher rate applies to most financial investment income and income from property rentals.
Life insurance savings were exempt from this change.
The first draft of the 2027 budget is being debated in France’s National Assembly, but it may not pass in its current form without the government using special powers.
The rules could change again after the next presidential election.
France’s first version of the 2027 budget proposes further increases to taxes on savings.
The draft has been debated in the National Assembly since 7 October 2026.
The proposal comes after the tax rate on many investment earnings rose from 30% to 31.4% at the start of 2026.
The article says the budget proposal may not pass in its current form without the government forcing it through.
The government and lawmakers have often viewed savings as a possible source of funds to improve public finances.
- Who
- The French government and parliament are considering changes affecting people with savings and investments.
- What
- The first version of the 2027 budget proposes raising taxes on savings again.
- When
- The budget debate began on 7 October 2026; the changes are proposed for the 2027 budget.
- Where
- France, with the budget being debated in the National Assembly.
- Why
- The article says savings are viewed as a possible source of funds to improve public finances.
This story does not have two clearly opposing sides.
The flat tax on many investment earnings rose from 30% to 31.4%.
Debate began in the National Assembly on the first version of the 2027 budget, which proposes further tax increases on savings.
- Previous flat tax rate
- 30%
- New flat tax rate
- 31.4%
- Budget debate began
- 7 October 2026
- Proposed budget year
- 2027
- Savings exempt from the 2026 change
- Life insurance, with €2,171 billion in assets under management
What people are saying
the government still intends to increase taxes on savings
Sources
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