The French National Assembly has preliminarily approved an amendment to expand the existing real estate wealth tax (IFI) to include previously exempt assets such as gold, cryptocurrencies, and art. The new tax, set at a uniform rate of 1%, will apply only to individuals with net assets exceeding €2 million. Additionally, a primary residence can receive a deduction of up to €1 million. The French Ministry of Finance estimates that this tax could generate an additional €2 billion annually.
French Parliament Approves Wealth Tax Expansion to Include Crypto
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