Oxfam urges cap on French Dutreil tax break; government refuses to reopen

Oxfam proposes capping the Dutreil tax exemption at €1M, reducing the rate from 75% to 50%, and tying it to employment, citing a €5.5B cost in 2024. The French government refuses to revisit the measure ahead of budget debates. This signals a potential political conflict over fiscal policy, but no policy change is imminent.