What is proposed 2% 'Zucman Tax' that targets France's ultra rich?
The proposed 2% wealth tax, which would target wealth above €100 million (approximately $117 million), is the brainchild of economist Gabriel Zucman. This 'Zucman Tax' is gaining popularity among the French citizens, with a study showing 86% respondents favouring it. France's richest man Bernard Arnault recently criticised the tax and accused Zucman of being a "far-left activist".