{"id":2157757,"date":"2026-09-22T10:54:04","date_gmt":"2026-09-22T07:54:04","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2157757"},"modified":"2026-09-22T10:54:04","modified_gmt":"2026-09-22T07:54:04","slug":"frances-budget-oxfam-targets-super-inheritances-in-tax-plan","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2157757","title":{"rendered":"France\u2019s budget: Oxfam targets \u2018super-inheritances\u2019 in tax plan"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/30\/02\/1200x675_cmsv2_c3d62d7a-731a-575b-8734-7960b0bdbc4c-9923002.jpg&#8221;]<\/p>\n<article id=\"abe-2927786-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927786\" data-cid=\"9923588\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927786-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/35\/23\/189x106_cmsv2_05536f8d-3897-5d55-bc68-c4407c0b5728-9923523.jpg\" loading=\"lazy\" alt=\"The Internal Security Agency has detained Pawe\u0142 G. Investigators are examining preparations for an attack.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    17-year-old detained in Poland over alleged plans for terrorist attack\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927785-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927785\" data-cid=\"9923522\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927785-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/35\/22\/189x106_cmsv2_da7da674-cd4a-5722-8162-206ef21bd9e3-9923522.jpg\" loading=\"lazy\" alt=\"US forces in Salociai, some 178 kms (110 miles) north of the capital Vilnius, Lithuania, Monday, March 23, 2015.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Lithuania<\/p>\n<div class=\"the-media-object__title  \">\n<p>    New rotation of US troops bound for Lithuania: Lithuanian president\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927754-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2927754\" data-cid=\"9923343\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927754-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/33\/43\/189x106_cmsv2_de1dbdac-ae21-5664-9326-a8140c23e229-9923343.jpg\" loading=\"lazy\" alt=\"A man with an umbrella struggles against strong wind brought by Typhoon Ampil, while walking on a street, in Tokyo, Japan, Friday, Aug. 16, 2024\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>        Flooded streets and rescues as Typhoon Dujuan hits Japan\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927670-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927670\" data-cid=\"9922834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927670-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/14\/70\/189x106_cmsv2_bbfd3820-2fe3-58aa-9a31-eb7d9d3d9414-9921470.jpg\" loading=\"lazy\" alt=\"Vladimir Putin and Alisher Usmanov.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU renews Russia sanctions but removes Usmanov at France&#8217;s request\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927786-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927786\" data-cid=\"9923588\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927786-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/35\/23\/189x106_cmsv2_05536f8d-3897-5d55-bc68-c4407c0b5728-9923523.jpg\" loading=\"lazy\" alt=\"The Internal Security Agency has detained Pawe\u0142 G. Investigators are examining preparations for an attack.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    17-year-old detained in Poland over alleged plans for terrorist attack\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927785-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927785\" data-cid=\"9923522\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927785-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/35\/22\/189x106_cmsv2_da7da674-cd4a-5722-8162-206ef21bd9e3-9923522.jpg\" loading=\"lazy\" alt=\"US forces in Salociai, some 178 kms (110 miles) north of the capital Vilnius, Lithuania, Monday, March 23, 2015.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Lithuania<\/p>\n<div class=\"the-media-object__title  \">\n<p>    New rotation of US troops bound for Lithuania: Lithuanian president\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927754-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2927754\" data-cid=\"9923343\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927754-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/33\/43\/189x106_cmsv2_de1dbdac-ae21-5664-9326-a8140c23e229-9923343.jpg\" loading=\"lazy\" alt=\"A man with an umbrella struggles against strong wind brought by Typhoon Ampil, while walking on a street, in Tokyo, Japan, Friday, Aug. 16, 2024\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>        Flooded streets and rescues as Typhoon Dujuan hits Japan\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927670-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927670\" data-cid=\"9922834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927670-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/14\/70\/189x106_cmsv2_bbfd3820-2fe3-58aa-9a31-eb7d9d3d9414-9921470.jpg\" loading=\"lazy\" alt=\"Vladimir Putin and Alisher Usmanov.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU renews Russia sanctions but removes Usmanov at France&#8217;s request\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            France\u2019s budget: Oxfam targets \u2018super-inheritances\u2019 in tax plan<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/30\/02\/1536x864_cmsv2_c3d62d7a-731a-575b-8734-7960b0bdbc4c-9923002.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"An Oxfam office in London - illustration\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              An Oxfam office in London &#8211; illustration<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspJean-Philippe Liabot\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1790074444\">\n                    Published on                 <time datetime=\"2026-09-22 12:54:04 +02:00\">22\/09\/2026 &#8211; 12:54 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"14:17\">14:17<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on 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src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        As France hunts for billions of euros to repair its public finances, Oxfam is calling for tighter limits on a tax break for inherited family businesses, saying reform could raise more than \u20ac3bn a year.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>At a time when every euro spent and saved is being scrutinised in the search for ways to reduce France&#8217;s deficit, Oxfam is targeting a tax break for inherited family businesses that it says disproportionately benefits the wealthiest heirs.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>In a report published on Tuesday, the NGO called for tighter limits on the Dutreil pact, which exempts 75% of a qualifying company\u2019s value when gift or inheritance tax is calculated.<\/p>\n<p>Oxfam estimates that reforming the scheme could raise more than \u20ac3bn a year, as France searches for savings and additional revenue ahead of its 2027 budget.<\/p>\n<p>As the French public deficit and public debt worsen between 2025 and 2026 \u2014 with the deficit expected to rise from 5.1% to 5.4% of GDP and debt from 115.7% to 119.3% \u2014 the government says significant fiscal measures will be needed in the coming years. In this context, Oxfam argues that the budgetary effort could also involve a thorough review of certain tax breaks.<\/p>\n<h2>What is the Dutreil pact?<\/h2>\n<p>Introduced in 2003 and named after the then Minister for Trade and Crafts, Renaud Dutreil, the Dutreil pact is designed to make it easier to pass a family business from one generation to the next.<\/p>\n<p>Under the scheme, only 25% of a qualifying company\u2019s value is taken into account when gift or inheritance tax is calculated. The aim is to prevent heirs from having to sell the business to pay the tax.<\/p>\n<p>In return, beneficiaries must keep the company shares for a set period and meet rules on how the business is run. France tightened the scheme in 2026 by extending the minimum holding period from four to six years and excluding assets not used for the business, such as homes, works of art and jewellery.<\/p>\n<p>According to Oxfam, the Dutreil pact has cost the French state almost \u20ac3bn a year on average over the past four years, with a peak of more than \u20ac5.5bn in 2024, according to the French Court of Auditors.<\/p>\n<p>Oxfam believes that maintaining the current rules could mean an even bigger shortfall in future. According to its calculations, passing on the wealth of French billionaires over the age of 70 via the Dutreil pact could deprive the public finances of more than \u20ac111bn over the next 30 years.<\/p>\n<p>This figure is a projection rather than an amount that the state would automatically recover if the scheme were scrapped. But for Oxfam, it illustrates the budgetary potential of reforming the scheme.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.665\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/30\/02\/808x539_cmsv2_0b8dc19d-40a1-5c52-ad9c-6d93a099f433-9923002.jpg\" alt=\"Various euro banknotes - Illustration\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">Various euro banknotes &#8211; Illustration<\/span><span class=\"widget__captionCredit\">AP Photo<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>Oxfam targets France&#8217;s largest fortunes<\/strong><\/h2>\n<p>For the organisation, the main problem is the concentration of this tax advantage. Oxfam argues that the wealthiest beneficiaries gain far more from the scheme than others.<\/p>\n<p>According to its calculations, the 110 most advantaged beneficiaries, or around 1% of the total, each saved an average of \u20ac30 million in tax between 2023 and 2024. By contrast, the least advantaged half of beneficiaries each saved less than \u20ac40,000 on average.<\/p>\n<p>Oxfam uses the term \u201csuper-inheritances\u201d to refer to the estates received by the top 0.1% of heirs. The organisation estimates that these inheritances average \u20ac13m and that their effective tax rate is around 10%, even though the theoretical marginal rate can reach 45% for the largest transfers.<\/p>\n<p>Oxfam therefore proposes capping the tax advantage available under the Dutreil pact at one million euros per beneficiary. It estimates that this reform would leave 90% of current beneficiaries unaffected by the cap, while allowing the state to recover more than \u20ac3bn a year.<\/p>\n<p>The organisation also recommends reducing the exemption rate from 75% to 50%, restricting it more closely to strictly business-related assets and introducing a requirement to preserve jobs.<\/p>\n<p>The debate on the Dutreil pact could therefore feature in discussions on France\u2019s 2027 draft budget. The key question will be how far this tax advantage can be curtailed without undermining its original aim: to make it easier to pass on businesses and avoid families being forced to sell them to pay inheritance tax.<\/p>\n<p>But according to Layla Abdelke Yakoub, advocacy manager for tax justice and inequality at Oxfam France, Prime Minister S\u00e9bastien Lecornu \u201cwas keen to stress that the government would not touch the Dutreil pact\u201d when presenting his initial budget plans.<\/p>\n<p>\u201cThis refusal to touch such an unfair tax loophole does not meet French people\u2019s wish to see the largest fortunes contribute more,\u201d she said. \u201cOxfam hopes the prime minister will have a change of heart; the ball is in his court.\u201d<\/p>\n<p>Behind the technical debate over the Dutreil pact lies a much more political question: in a France desperately searching for billions to get its public finances back on track, how much of the effort should be borne by the very largest fortunes and the biggest inheritances?<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2883012-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2883012\" data-cid=\"9706712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2883012-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/70\/67\/12\/480x270_cmsv2_6ad32c3a-e2a7-5488-8c05-db06be338bc7-9706712.jpg\" loading=\"lazy\" alt=\"FILE. An activist displays a newspaper headlining the &apos;Panama Papers&apos; revelations during a banking managers meeting in Paris, France, Apr. 2016\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Richest 0.1% hide more wealth than the poorest half of humanity owns<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2733258-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2733258\" data-cid=\"8987304\" data-part-label=\"Partner content\">\n<figure id=\"abe-2733258-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/08\/98\/73\/04\/480x270_cmsv2_c4995ecd-9346-5622-9620-69e13c4973b8-8987304.jpg\" loading=\"lazy\" alt=\"Billionaires Jeff Bezos, Bernard Arnault, Donald Trump, Taylor Swift, Mark Zuckerberg and Elon Musk\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    The world will have five trillionaires within a decade, predicts Oxfam<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927744-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927744\" data-cid=\"9923495\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927744-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/33\/21\/480x270_cmsv2_88937646-3545-55b5-b22d-bfc0576dbe6b-9923321.jpg\" loading=\"lazy\" alt=\"Aerial view of a worker ploughing the land with his tractor\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish farmers demand urgent aid as war in Iran drives up costs<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Oxfam<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  France<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  wealth<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Legacy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Law<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927504-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927504-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/20\/16\/320x180_cmsv2_bbfa478a-9be3-51e4-bd5a-ecf2c611edb1-9922016.jpg\" loading=\"lazy\" alt=\"A customer reaches for a pump at a gas station in Berlin on Friday, June 13, 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927678-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927678\" data-cid=\"9922915\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927678-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/320x180_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg\" loading=\"lazy\" alt=\"FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB calls for tougher EU crypto rules and curbs on dollar stablecoins<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927469-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/320x180_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. Workers assemble the Zeekr 001 EV models at the Chinese automaker Zeekr assembly plant in Ningbo, east China&apos;s Zhejiang Province, 17 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;Made in Europe&#8217; battery rules could add \u20ac2,100 to electric car prices<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927653-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927653\" data-cid=\"9922741\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927653-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/27\/41\/320x180_cmsv2_6a1bffa0-8cf6-5a05-9146-351f90a05228-9922741.jpg\" loading=\"lazy\" alt=\"File - A view of the Central Oil Tank Farm near Nelahozeves, Czech Republic, Tuesday, 14 Jan. 2025. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Czechia caps fuel margins and cuts diesel tax as prices soar<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927444-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927444-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/15\/99\/320x180_cmsv2_01966edc-f6c7-5d23-8187-5bfb12800342-9921599.jpg\" loading=\"lazy\" alt=\"ECB President Christine Lagarde addresses the media following the off-site meeting at the Deutsche Bundesbank&apos;s conference centre in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2927504-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2927351-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927351\" data-cid=\"9921030\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Qatar rules out Hormuz bypass, launches new investments platform<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2924112-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2924112\" data-cid=\"9906004\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai launches Agentic AI training drive for 14,000 businesses<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2927348-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2927348\" data-cid=\"9920991\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French diesel prices top \u20ac2.40 as European fuel costs hit records<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2927444-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2883012-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2883012\" data-cid=\"9706712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2883012-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/70\/67\/12\/480x270_cmsv2_6ad32c3a-e2a7-5488-8c05-db06be338bc7-9706712.jpg\" loading=\"lazy\" alt=\"FILE. An activist displays a newspaper headlining the &apos;Panama Papers&apos; revelations during a banking managers meeting in Paris, France, Apr. 2016\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Richest 0.1% hide more wealth than the poorest half of humanity owns<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2733258-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2733258\" data-cid=\"8987304\" data-part-label=\"Partner content\">\n<figure id=\"abe-2733258-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/08\/98\/73\/04\/480x270_cmsv2_c4995ecd-9346-5622-9620-69e13c4973b8-8987304.jpg\" loading=\"lazy\" alt=\"Billionaires Jeff Bezos, Bernard Arnault, Donald Trump, Taylor Swift, Mark Zuckerberg and Elon Musk\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    The world will have five trillionaires within a decade, predicts Oxfam<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927744-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927744\" data-cid=\"9923495\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927744-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/33\/21\/480x270_cmsv2_88937646-3545-55b5-b22d-bfc0576dbe6b-9923321.jpg\" loading=\"lazy\" alt=\"Aerial view of a worker ploughing the land with his tractor\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish farmers demand urgent aid as war in Iran drives up costs<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927504-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927504-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/20\/16\/320x180_cmsv2_bbfa478a-9be3-51e4-bd5a-ecf2c611edb1-9922016.jpg\" loading=\"lazy\" alt=\"A customer reaches for a pump at a gas station in Berlin on Friday, June 13, 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927678-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927678\" data-cid=\"9922915\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927678-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/320x180_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg\" loading=\"lazy\" alt=\"FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB calls for tougher EU crypto rules and curbs on dollar stablecoins<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927469-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/320x180_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. Workers assemble the Zeekr 001 EV models at the Chinese automaker Zeekr assembly plant in Ningbo, east China&apos;s Zhejiang Province, 17 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;Made in Europe&#8217; battery rules could add \u20ac2,100 to electric car prices<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927653-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927653\" data-cid=\"9922741\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927653-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/27\/41\/320x180_cmsv2_6a1bffa0-8cf6-5a05-9146-351f90a05228-9922741.jpg\" loading=\"lazy\" alt=\"File - A view of the Central Oil Tank Farm near Nelahozeves, Czech Republic, Tuesday, 14 Jan. 2025. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Czechia caps fuel margins and cuts diesel tax as prices soar<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927444-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927444-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/15\/99\/320x180_cmsv2_01966edc-f6c7-5d23-8187-5bfb12800342-9921599.jpg\" loading=\"lazy\" alt=\"ECB President Christine Lagarde addresses the media following the off-site meeting at the Deutsche Bundesbank&apos;s conference centre in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927504-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927351-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927351\" data-cid=\"9921030\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Qatar rules out Hormuz bypass, launches new investments platform<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2924112-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2924112\" data-cid=\"9906004\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai launches Agentic AI training drive for 14,000 businesses<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927348-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2927348\" data-cid=\"9920991\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French diesel prices top \u20ac2.40 as European fuel costs hit records<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927444-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">At a time when every euro spent and saved is being scrutinised in the search for ways to reduce France&#8217;s deficit, Oxfam is targeting a tax break for inherited family businesses that it says disproportionately benefits the wealthiest heirs.In a report published on Tuesday, the NGO called for tighter limits on the Dutreil pact, which exempts 75% of a qualifying company\u2019s value when gift or inheritance tax is calculated.Oxfam estimates that reforming the scheme could raise more than \u20ac3bn a year, as France searches for savings and additional revenue ahead of its 2027 budget.As the French public deficit and public debt worsen between 2025 and 2026 \u2014 with the deficit expected to rise from 5.1% to 5.4% of GDP and debt from 115.7% to 119.3% \u2014 the government says significant fiscal measures will be needed in the coming years. In this context, Oxfam argues that the budgetary effort could also involve a thorough review of certain tax breaks.What is the Dutreil pact?Introduced in 2003 and named after the then Minister for Trade and Crafts, Renaud Dutreil, the Dutreil pact is designed to make it easier to pass a family business from one generation to the next.Under the scheme, only 25% of a qualifying company\u2019s value is taken into account when gift or inheritance tax is calculated. The aim is to prevent heirs from having to sell the business to pay the tax.In return, beneficiaries must keep the company shares for a set period and meet rules on how the business is run. France tightened the scheme in 2026 by extending the minimum holding period from four to six years and excluding assets not used for the business, such as homes, works of art and jewellery.According to Oxfam, the Dutreil pact has cost the French state almost \u20ac3bn a year on average over the past four years, with a peak of more than \u20ac5.5bn in 2024, according to the French Court of Auditors.Oxfam believes that maintaining the current rules could mean an even bigger shortfall in future. According to its calculations, passing on the wealth of French billionaires over the age of 70 via the Dutreil pact could deprive the public finances of more than \u20ac111bn over the next 30 years.This figure is a projection rather than an amount that the state would automatically recover if the scheme were scrapped. But for Oxfam, it illustrates the budgetary potential of reforming the scheme.Oxfam targets France&#8217;s largest fortunesFor the organisation, the main problem is the concentration of this tax advantage. Oxfam argues that the wealthiest beneficiaries gain far more from the scheme than others.According to its calculations, the 110 most advantaged beneficiaries, or around 1% of the total, each saved an average of \u20ac30 million in tax between 2023 and 2024. By contrast, the least advantaged half of beneficiaries each saved less than \u20ac40,000 on average.Oxfam uses the term \u201csuper-inheritances\u201d to refer to the estates received by the top 0.1% of heirs. The organisation estimates that these inheritances average \u20ac13m and that their effective tax rate is around 10%, even though the theoretical marginal rate can reach 45% for the largest transfers.Oxfam therefore proposes capping the tax advantage available under the Dutreil pact at one million euros per beneficiary. It estimates that this reform would leave 90% of current beneficiaries unaffected by the cap, while allowing the state to recover more than \u20ac3bn a year.The organisation also recommends reducing the exemption rate from 75% to 50%, restricting it more closely to strictly business-related assets and introducing a requirement to preserve jobs.The debate on the Dutreil pact could therefore feature in discussions on France\u2019s 2027 draft budget. The key question will be how far this tax advantage can be curtailed without undermining its original aim: to make it easier to pass on businesses and avoid families being forced to sell them to pay inheritance tax.But according to Layla Abdelke Yakoub, advocacy manager for tax justice and inequality at Oxfam France, Prime Minister S\u00e9bastien Lecornu \u201cwas keen to stress that the government would not touch the Dutreil pact\u201d when presenting his initial budget plans.\u201cThis refusal to touch such an unfair tax loophole does not meet French people\u2019s wish to see the largest fortunes contribute more,\u201d she said. \u201cOxfam hopes the prime minister will have a change of heart; the ball is in his court.\u201dBehind the technical debate over the Dutreil pact lies a much more political question: in a France desperately searching for billions to get its public finances back on track, how much of the effort should be borne by the very largest fortunes and the biggest inheritances?<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/22\/frances-budget-oxfam-proposes-tax-on-super-inheritances-to-raise-billions&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/30\/02\/1200x675_cmsv2_c3d62d7a-731a-575b-8734-7960b0bdbc4c-9923002.jpg&#8221;] Europe News 17-year-old detained in Poland over alleged plans for terrorist attack Lithuania New rotation of US troops bound for Lithuania: Lithuanian president No Comment Flooded streets and rescues as Typhoon Dujuan hits Japan Europe News EU renews Russia sanctions but removes Usmanov at France&#8217;s request Europe News 17-year-old detained in Poland [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2157757","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2157757"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157757\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2157757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2157757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2157757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}