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law adoptionVerified

France replaces the wealth tax with a real-estate levy

The 2018 finance law promulgated on 30 December 2017 abolished the solidarity wealth tax (ISF) and created a real-estate wealth tax (IFI). In the causal graph this event strengthens the driver Income Inequality.

France replaces the wealth tax with a real-estate levy

Sources: [1][2]

Read the full account

The 2018 finance law promulgated on 30 December 2017 abolished the solidarity wealth tax (ISF) and created a real-estate wealth tax (IFI). Financial and business assets left the base. The change was a first-term presidential commitment enacted by his majority.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Emmanuel Macron

    Person

    Direct responsibility

    responsibility level 0.65 · verified

    He campaigned on ending ISF and his first majority enacted it. Parliament passed the finance law; he did not write every article.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

    1. FactFrance replaces the wealth tax with a real-estate levy
    2. strengthensDriverIncome Inequality

    impact weight 0.45 · Effect from 30 December 2017 · verified

    Narrowing the wealth-tax base toward property reduces redistribution from financial wealth, with a lag into measured top-end inequality.

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.OECD revenue statistics — FranceOECD · High credibility · verified
  2. 2.LOI n° 2017-1837 du 30 décembre 2017 de finances pour 2018Légifrance · High credibility · verified

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorEmmanuel Macron
  2. contributed toFactFrance replaces the wealth tax with a real-estate levy
  3. strengthensDriverIncome Inequality

Cite this page

Factrail. (2026). France replaces the wealth tax with a real-estate levy. Factrail. https://factrail.ai/facts/fr-wealth-tax-replaced-2017

https://factrail.ai/facts/fr-wealth-tax-replaced-2017

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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