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🇫🇷 2% Wealth Tax on BTC >2m€
108 sats \ 7 comments \ @Nada 19h Politics_And_Law
As per exCEO of Ledger:
New tax on “unproductive" wealth incoming.
Everything exceeding 2M€ will be taxed at 1% annually: 🔸 gold, coins 🔸 Bitcoin and crypto-assets 🔸 precious/pleasure objects (art, furniture, yacht...) 🔸 cash in life insurance policies
No exception is provided for Bitcoins used in a professional activity.
The consequences for Bitcoin holders in France: 🔹 declare all of one's wallets to the tax authorities 🔹 forced annual sale to pay the tax if no other liquid assets 🔹 political breach opened: the 2M€ threshold can easily be lowered
There is certainly still a legislative process for this to be included in the 2026, but the probability of it coming into effect on January 1 remains strong.
—- My questions:
Who’s next in Europe? Should Bitcoiners relocate? If yes, where to go?
— Source post from Eric Larchevêque: https://x.com/EricLarch/status/1984551746971095345
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11 sats \ 4 replies \ @freetx 19h
The fundamental problem they have is everyone in that class is mobile and can both physically move and hire accountants to move their money for them.
These types of tax plans have a way of just creating "work-for-life" plans for accountants.
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0 sats \ 3 replies \ @Nada OP 19h
That is true. But:
Who’s next in Europe? Should Bitcoiners relocate? If yes, where to go?
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11 sats \ 2 replies \ @freetx 19h
Should Bitcoiners relocate?
The company I do work for once employed and older Jewish guy in their UK office. I noticed he would often talk about his accountants who all seemed to be based outside the UK....I once asked him about this and he said "A jew and his money should never live in the same country"....Which I thought was funny.
The point is these initiatives just force people to shelter their wealth offshore and only remit the portion they need to live on.
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0 sats \ 0 replies \ @Bell_curve 18h
Theodore Herzl must have had bank accounts in Switzerland
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0 sats \ 0 replies \ @Nada OP 19h
Playing these offshore strategies would be very risky where I am from. Tax authorities are and becoming increasingly aggressive.
Play stupid games. Win stupid prizes.
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21 sats \ 0 replies \ @fourrules 16h
These proposals are theatre. They seem shocking to people outside France, but the truth is that by the time they are implemented, if ever, they are so well forecasted that almost everyone who would be impacted have deployed defensive measures, which is exactly the intention of the people creating the law.
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0 sats \ 0 replies \ @DarthCoin 8h
As I said many times: learn to be a sovereign individual and let the state to fuck itself. Study: trust law, contract law, natural law.
Why do you think none of any billionaire pay taxes? Because none of them "own" anything, all they have is in a trust, they are onluy beneficiaries.
ONLY slaves pay taxes...
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