French Parliament proposes global taxation for National Budget 2026

The French Parliament has officially proposed a global taxation system as part of the National Budget for 2026. This proposal would require French citizens to pay taxes on their global income if they relocate to a region where the tax rate is 40% lower than that of France.

This move comes amid financial difficulties faced by several European countries, which are reportedly seeking to secure assets from their citizens before implementing any spending cuts. The implications of this proposal could significantly affect the financial responsibilities of French citizens living abroad.

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