Mmastodon BusinessCrypto first seen 2 d ago, last 1 d ago, peak #8
France's crypto tax rules draw criticism
Original: France wants 31% when you swap crypto, an exit tax when you leave, and a form for your own wallet. Plenty of countries t
France is being criticised over its approach to cryptocurrency taxation, with commenters highlighting a 31% flat tax on crypto swaps, an exit tax applied when investors leave the country, and reporting requirements covering self-custodied wallets. Critics argue this treats investors as a burden rather than an asset, comparing France unfavourably with countries that use lower taxes to attract and retain crypto investors.
Why now: Frustration over France's strict crypto tax and reporting rules is fuelling debate about whether it will push investors to more favourable jurisdictions.
Evidence
- France wants 31% when you swap crypto, an exit tax when you leave, and a form for your own wallet. Plenty of countries treat investors as an asset: low taxes to keep them, or fair taxes that buy courts and safety. Paris just shows them the door. 🚀 https://… · realdanny@mastodon.online · 1
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