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French Wealth Tax Should Include Artworks, Rapporteur Says

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Oct. 9 (Bloomberg) -- France’s wealth tax should include artworks, Christian Eckert, the National Assembly’s rapporteur on budget affairs, said in an interview in Les Echos.

Cultural assets have been excluded from France’s wealth tax since its creation in 1982. The tax is owed by those with real estate and investment assets worth more than 1.3 million euros ($1.7 million).

To contact the editor responsible for this story: Gregory Viscusi at gviscusi@bloomberg.net

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