French Committee Backs Crypto Tax, Rejects Budget — SkimNews
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- France's National Assembly Finance Committee adopted an amendment by Nicolas Sansu and 16 co-signers treating crypto-to-stablecoin swaps as taxable sales from Jan. 1, 2027, deferring to France's existing 31.4% flat tax.
- A second Sansu amendment extends France's exit tax to crypto holdings worth more than €800,000 per household for relocations from Jan. 1, 2027, requiring declarations including assets held in self-custody.
- Daniel Labaronne's adopted amendment would let investors carry crypto losses forward for 10 years to offset future gains, matching the existing stock regime.
- The committee then voted 31-3 on Oct. 9 to reject the entire budget revenue section, so none of the three crypto amendments carry over to floor debate.
- Backers must retable the measures for the Assembly debate beginning Oct. 13, with a formal vote scheduled for Oct. 20.
- In late October 2025 the Assembly separately voted 163-150 for a 1% annual levy on 'unproductive' wealth above €2 million that lumps digital assets in with gold and yachts.
Why it matters: The committee's adoption of these amendments counts for nothing unless backers win them again on the floor, where the entire revenue section will be rebuilt from the government's original text. French crypto holders with €800,000+ in combined holdings face an unresolved tax picture until at least the Oct. 20 vote, with the stablecoin amendment potentially turning routine Bitcoin-to-USDC swaps into taxable events.
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