France Finance Committee Backs Proposed Crypto Taxes, Rejects Revenue Section

France’s National Assembly Finance Committee backed proposed crypto tax changes before rejecting the revenue section of the country’s 2027 budget, leaving the measures outside the government’s original text. The amendments would target certain conversions of crypto assets into electronic-money tokens defined under the European Union’s Markets in Crypto-Assets Regulation, including fiat-backed stablecoins. They would also extend France’s exit tax to some unrealized crypto gains and allow crypto losses to offset future gains for up to 10 years. The committee adopted the stablecoin-related amendment and the loss-carryforward measure on Oct. 7. It adopted the proposed crypto exit-tax amendment on Oct.

Source: TokenPost