The tax burden on inheritances and gifts is one of the highest in the OECD zone.
Decidedly, when it comes to compulsory levies, France does not fail to stand out from many countries with much higher levels. Hatred by many French people, inheritance tax is a perfect illustration of this.
Read also Inheritance rights: “A French heritage”
In 2020, the country was, together with Belgium, at the top of the list of OECD members. Inheritance and gift tax represented 0.7% of GDP, compared to 0.3% in Germany, 0.2% in the United Kingdom, 0.1% in the United States and even less than 0. 1% in other countries like Italy, according to François Ecalle, founder of Fipeco and former magistrate at the Court of Auditors, who published a note on the subject on Thursday.
“These rights have been reduced or even eliminated in most OECD countries because voters everywhere reject this ‘death tax'”, explains François Ecalle. France is therefore an exception. Allowing this tax to bring in no less than 15 billion euros to the coffers of the State in 2020, of which 12.5 billion…
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