LVMH’s Arnault Slams Proposed Billionaire Tax

Bernard Arnault, the boss of luxury goods group LVMH and France’s richest man, has attacked a proposed 2 percent tax on billionaires as an assault on France’s economy and denounced the plan’s architect as a far-left ideologue.

The tax, which would target wealth above €100 million ($117 million), has gained political traction in France, where Prime Minister Sébastien Lecornu faces pressure from the Socialist Party to include it in the 2026 budget or face a confidence vote that could…