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flag French lawmakers rejected a proposed 100-million-euro wealth tax, risking political instability.

flag French lawmakers rejected a proposed wealth tax on Friday, defeating a left-wing push for a levy on assets over 100 million euros. flag The measure, inspired by economist Gabriel Zucman, failed 228 to 172 in the National Assembly, with a scaled-down version also rejected. flag Left-wing parties warned they would not back the government’s budget without tax reform, threatening political instability. flag Prime Minister Sébastien Lecornu called the tax unrealistic, as parliament remains divided after fractured snap elections. flag The government now faces pressure to reach a compromise before year-end.

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