Search results for exit tax
Crypto
France moves to tax some crypto-to-stablecoin exchanges, weighs 2027 start
France\'s lower house adopted a tax law amendment that would bring some transactions that exchange cryptocurrencies into stablecoins within the tax net. If it becomes law, capital gains could be taxed from 2027 when investors convert bitcoin and other cryptocurrencies into stablecoins even without converting them into fiat currency. Lawmakers also rejected a proposal to allow crypto realised losses to be carried forward for 10 years. Separate provisions remain pending.
Crypto
Some countries tax bitcoin unrealised gains when taxpayers lose residency status
Some countries including Canada and Australia can levy tax on unrealised bitcoin gains when a taxpayer loses tax residency, prompting some high-value holders to consider emigration timing ahead of selling, CryptoSlate reported. Automatic exchange of crypto transaction and tax residency data under CRS and CARF is reinforcing the focus on tax residency. The OECD says 76 jurisdictions plan to join CARF, with cross-border exchanges starting in 2027. Rules vary across the UK, Spain, the United States and Puerto Rico.
Finance
Billionaires pay less tax than their secretaries, momentum grows for 2 percent minimum wealth tax
Gabriel Zucman, an economist at the University of California, Berkeley, has proposed a 2 percent minimum annual tax on people with net assets above 100 million euros, reigniting debate over taxing billionaires. A short new book helped trigger a vote in France’s parliament and put a policy plan on the G20 agenda. Zucman argues tax systems are regressive and backs international coordination and exit taxes to curb avoidance.