France delays 2027 budget vote, scraps crypto exit taxes — SkimNews
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- French National Assembly postponed the vote on the 2027 budget’s revenue section for the second time, with 758 amendments still pending as of Monday’s session
- French National Assembly rejected two crypto exit-tax proposals on Friday, one targeting unrealized gains on high-value holdings above €800,000 with only 27 votes in favor
- Lawmakers approved a measure on Oct. 16 to tax gains when crypto assets are converted into fiat-pegged stablecoins, though it has not yet become law
- French National Assembly continues debating the budget under a Nov. 17 deadline for first-reading completion, after which the Senate would take up the proposal if passed
- Lawmakers are considering a requirement to report self-custodied crypto holdings worth at least €100,000 to tax authorities based on year-end value
Why it matters: The repeated delay risks compressing the legislative timeline before the Nov. 17 deadline, making it harder to finalize the 2027 budget on schedule, while the rejection of crypto exit taxes signals skepticism toward taxing unrealized gains, affecting high-net-worth taxpayers and crypto holders planning residency moves.
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