{
  "id": 9127783,
  "title": "France's budget: Oxfam proposes tax on 'super-inheritances' to raise billions",
  "url": "https://urgent.news/2026/09/22/frances-budget-oxfam-proposes-tax-on-super-inheritances-to-raise-9127783",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T10:54:04.000Z",
  "source": {
    "name": "Euronews Business",
    "slug": "euronews-business",
    "url": "https://www.euronews.com/business/2026/09/22/frances-budget-oxfam-proposes-tax-on-super-inheritances-to-raise-billions"
  },
  "original_language": "en",
  "account": "The NGO Oxfam is proposing a tax on super-inheritances as a potential source of revenue to address France's deteriorating public finances. In a report published on September 22, the organization targets the Dutreil pact, a tax scheme that allows substantial reductions in inheritance tax when a company is transferred. The Durteil pact, named after the then Minister for Trade and Crafts, Renaud Dutreil, has been in place since 2003 and grants a 75% exemption on gift and inheritance tax to facilitate the passing on of businesses. However, Oxfam argues that the current rules may lead to a shortfall of over 111 billion euros over the next thirty years, as wealthy heirs save an average of 30 million euros in taxes annually, while half of the least advantaged beneficiaries save less than 40,000 euros.\n\nThe organization proposes to cap the exemption granted under the Durteil pact at 1 million euros per beneficiary, estimating that this reform would result in an additional 3 billion euros in annual revenue for the French state. While the tax advantage aims to facilitate the transfer of businesses and prevent families from selling their assets to pay inheritance taxes, Oxfam contends that the current rules are unfair and that the wealthiest heirs should contribute more. The Prime Minister, however, has stated that the Dutreil pact will not be touched in the upcoming budget.",
  "summary": "As France hunts for billions of euros to fix its public finances, Oxfam pushes the Dutreil pact centre stage, saying it could raise billions from the largest inheritances.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "France's budget: Oxfam proposes tax on 'super-inheritances' to raise billions",
        "url": "https://urgent.news/2026/09/22/frances-budget-oxfam-proposes-tax-on-super-inheritances-to-raise",
        "published": "2026-09-22T10:54:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}