France rejects crypto exit tax as 2027 budget vote faces another delay

cryptonews11-03 19:23

France’s National Assembly has postponed another vote on the revenue section of its 2027 budget, days after rejecting two proposals to tax unrealized cryptocurrency gains when investors move abroad. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrance rejects crypto exit tax as 2027 budget vote faces another delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-03 19:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/france-delays-2027-budget-vote-rejects-crypto-exit-tax/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>France’s National Assembly has postponed another vote on the revenue section of its 2027 budget, days after rejecting two proposals to tax unrealized cryptocurrency gains when investors move abroad.\n\n...</p>\n\n<a href=\"https://crypto.news/france-delays-2027-budget-vote-rejects-crypto-exit-tax/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLOK","symbol_name":"Amplify Transformational Data Sharing ETF","start_time":0,"source_url":"https://crypto.news/france-delays-2027-budget-vote-rejects-crypto-exit-tax/","article_id":"2680574096","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/france-delays-2027-budget-vote-rejects-crypto-exit-tax/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2680574096","pubTimestamp":1793705017,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"France’s National Assembly has postponed another vote on the revenue section of its 2027 budget, days after rejecting two proposals to tax unrealized cryptocurrency gains when investors move abroad.France has postponed the vote on its 2027 budget revenue section for a second time, with 758 amendments still pending.Lawmakers rejected two proposals that would have taxed unrealized cryptocurrency gains when eligible investors moved abroad.One proposal received 27 votes in favor and 55 against, while the second was defeated by 31 votes to 60.Other cryptocurrency tax proposals remain under consideration, including reporting requirements for self-custody wallets and changes to stablecoin taxation.The National Assembly faces a November 17 deadline to complete its first reading of the budget.A parliamentary notice issued after Monday’s session showed that lawmakers would continue examining the revenue provisions on November 3. The Assembly still had 758 amendments awaiting debate, leaving the ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLOK":"Amplify Transformational Data Sharing ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","STCE":"Schwab Crypto Thematic ETF","DAPP":"VanEck Digital Transformation ETF","DIME":"CoinShares Altcoins ETF","HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","BKCH":"AdvisorShares Sabretooth ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","BITW":"Bitwise 10 Crypto Index ETF"},"translate_title":"法国拒绝加密货币退出税，2027 年预算投票面临再次推迟","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIME":1.5,"BKCH":1.5,"CRPT":1.5,"GDLC":1.5,"DAPP":1.5,"BITQ":1.5,"BLOK":0.9,"STCE":1.5,"HECO":0.9,"BITW":1.5,"NCIQ":1.5,"LFGY":1.5,"TEKX":1.5},"content_text":"France’s National Assembly has postponed another vote on the revenue section of its 2027 budget, days after rejecting two proposals to tax unrealized cryptocurrency gains when investors move abroad.\n\n\nSummary\n\n\n\nFrance has postponed the vote on its 2027 budget revenue section for a second time, with 758 amendments still pending.\nLawmakers rejected two proposals that would have taxed unrealized cryptocurrency gains when eligible investors moved abroad.\nOne proposal received 27 votes in favor and 55 against, while the second was defeated by 31 votes to 60.\nOther cryptocurrency tax proposals remain under consideration, including reporting requirements for self-custody wallets and changes to stablecoin taxation.\nThe National Assembly faces a November 17 deadline to complete its first reading of the budget.\n\n\n\nA parliamentary notice issued after Monday’s session showed that lawmakers would continue examining the revenue provisions on November 3. The Assembly still had 758 amendments awaiting debate, leaving the planned vote delayed for a second time.\nThe decision follows an October 20 postponement, when more than 2,000 amendments remained unresolved. Lawmakers resumed examining the revenue provisions on October 27 after spending the previous week discussing social security financing.\nFrance rejects two cryptocurrency exit-tax proposals\nThe budget debate has already produced a setback for lawmakers seeking to extend France’s existing exit tax to cryptocurrency holdings.\nOn October 30, the National Assembly rejected amendment I-3904, introduced by Nicolas Sansu, which would have included eligible crypto assets within the country’s existing exit-tax framework.\nThe official voting record showed 27 lawmakers supporting the amendment, 55 opposing it and one abstaining.\nFrance currently applies exit-tax rules to certain financial holdings when eligible taxpayers transfer their tax residence outside the country.\nSansu’s proposal sought to include cryptocurrencies held directly, through exchanges or in self-custody wallets.\nIt would have covered qualifying unrealized gains, meaning profits that exist on paper even though investors have not sold their assets.\nThe proposed rules would have applied to eligible taxpayers relocating from January 1, 2027.\nAnother amendment, I-3432, submitted by Mickaël Bouloux, faced a similar outcome.\nAccording to the second voting record, lawmakers rejected the measure by 60 votes to 31.\nThe proposal targeted unrealized gains on household cryptocurrency holdings exceeding €800,000, equivalent to roughly $897,000.\nIt would have applied to investors who had been French tax residents for at least six of the previous 10 years before moving abroad.\nBoth proposals failed during the current parliamentary examination, leaving them outside the budget provisions approved so far.\nBudget delay leaves other crypto tax changes unresolved\nAlthough lawmakers rejected the exit-tax amendments, several other cryptocurrency proposals remain part of the budget discussions.\nOne measure would require individuals holding at least €100,000, or approximately $112,000, in self-custodied cryptocurrencies to report those assets to French tax authorities.\nThe proposal concerns holdings stored outside regulated cryptocurrency service providers, including personal wallets.\nEarlier in October, crypto.news reported the proposed wallet reporting requirement, which could carry penalties of up to €10,000 for eligible taxpayers who fail to declare their holdings.\nHowever, committee approval did not establish the requirement as law, and the measure remains subject to parliamentary consideration.\nAnother proposal would exempt cryptocurrency payments for goods and services from capital gains taxation when the total qualifying payments do not exceed €1,000 during the tax year.\nLawmakers have separately considered changes to the treatment of cryptocurrency conversions into fiat-backed stablecoins.\nOn October 16, the National Assembly approved an amendment that would make certain conversions into qualifying stablecoins taxable transactions.\nThe proposal would change existing rules that generally allow eligible exchanges between cryptocurrencies without immediately triggering capital gains taxation.\nEarlier stablecoin tax proposals included changes to capital losses, with one amendment seeking to allow qualifying crypto losses to offset gains over a 10-year period.\nThe stablecoin measure has not become law, and its final wording remains subject to the budget’s passage through Parliament.\nFrance faces November 17 budget deadline\nThe continuing delays leave lawmakers with limited time to finish examining the government’s revenue proposals.\nThe National Assembly must complete its first reading by midnight on November 17, according to the parliamentary timetable.\nUnder the existing parliamentary process, rejection of the revenue section would prevent amendments adopted during that stage from accompanying the government’s original text to the Senate.\nThe budget would then proceed through further parliamentary examination before any final legislation could take effect.\nThe timetable has already changed once. French newspaper Le Monde reported on October 19 that the government postponed the original revenue vote because more than 2,000 amendments still required discussion.\nAn unnamed source close to the minister responsible for parliamentary relations told the newspaper, “The government must provide France with a budget.”\nThe source said the government’s objective remained to reduce the public deficit to 5% of gross domestic product.\nPrime Minister Sébastien Lecornu’s government had previously acknowledged difficulties meeting its fiscal targets, while the draft budget faced opposition from lawmakers across the political spectrum.\nThe Assembly’s September timetable had scheduled a formal vote on the complete budget for November 17, following the government’s presentation of its financial proposals.\nThe constitutional deadline for completing the broader budget process falls on December 17.\n\n\n\n\n\n                Read more:\n            \n\n                Who really controls a crypto project? Inside the SEC’s new guidance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2680574096","isCrawlerRequest":true}