{"id":311465,"date":"2025-12-12T05:39:10","date_gmt":"2025-12-12T05:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/311465\/"},"modified":"2025-12-12T05:39:10","modified_gmt":"2025-12-12T05:39:10","slug":"billionaire-tax-wont-stop-innovation-in-eu-insists-economist-zucman-politico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/311465\/","title":{"rendered":"Billionaire tax won\u2019t stop innovation in EU, insists economist Zucman \u2013 POLITICO"},"content":{"rendered":"<p>Critics of the tax warned about the risk of scaring investors out of the EU and that tech entrepreneurs could leave the bloc as they would be forced to pay a tax\u00a0based on the market value of shares they own in their companies without necessarily having the liquidity to do so.<\/p>\n<p>But Zucman rejected &#8220;the notion that someone [&#8230;] would be discouraged to create a start-up, to innovate in AI because of the possibility that once that person is a billionaire, he or she will have to pay a tiny amount of tax.&#8221;<\/p>\n<p>&#8220;Who can believe in that?&#8221; he scoffed.<\/p>\n<p>The &#8220;Zucman tax&#8221; was one of the key demands by left-wing parties for France&#8217;s budget for next year. But the measure <a href=\"https:\/\/www.politico.eu\/article\/gabriel-zucman-france-government-should-listen-wealth-tax\/\" rel=\"nofollow noopener\" target=\"_blank\">has been ignored<\/a> by all France&#8217;s short-lived prime ministers, and rejected by the French parliament during ongoing budget debates.<\/p>\n<p>But Zucman is not giving up and still promotes the measure, including at the EU level.<\/p>\n<p>&#8220;This would generate\u00a0about\u00a0\u20ac65\u00a0billion\u00a0in\u00a0tax\u00a0revenue\u00a0for\u00a0the\u00a0EU as whole,&#8221; Zucman insisted.<\/p>\n","protected":false},"excerpt":{"rendered":"Critics of the tax warned about the risk of scaring investors out of the EU and that tech&hellip;\n","protected":false},"author":2,"featured_media":311466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[458,84,2980,460,1294,819,2453,79268,467,423,123988,1208,474,56,54,55],"class_list":{"0":"post-311465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-budget","9":"tag-business","10":"tag-companies","11":"tag-debt","12":"tag-economy","13":"tag-france","14":"tag-innovation","15":"tag-liquidity","16":"tag-markets","17":"tag-parliament","18":"tag-politico-28","19":"tag-startups","20":"tag-tax","21":"tag-uk","22":"tag-united-kingdom","23":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/311465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=311465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/311465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/311466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=311465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=311465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=311465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}