{"id":627349,"date":"2025-12-12T01:09:23","date_gmt":"2025-12-12T01:09:23","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/627349\/"},"modified":"2025-12-12T01:09:23","modified_gmt":"2025-12-12T01:09:23","slug":"billionaire-tax-wont-stop-innovation-in-eu-insists-economist-zucman-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/627349\/","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><video controls=\"\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2025\/12\/11\/INNOVATION.mp4\"\/><\/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\/\" target=\"_blank\" rel=\"noopener\">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":627350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[1194,2437,2825,2000,299,5187,36,1302,54157,2441,5111,193456,3322,1200],"class_list":{"0":"post-627349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-budget","9":"tag-companies","10":"tag-debt","11":"tag-eu","12":"tag-europe","13":"tag-european","14":"tag-france","15":"tag-innovation","16":"tag-liquidity","17":"tag-markets","18":"tag-parliament","19":"tag-politico-28","20":"tag-startups","21":"tag-tax"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115703930187872697","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/627349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=627349"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/627349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/627350"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=627349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=627349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=627349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}