French Parliamentarians Propose Exit Tax for Crypto Owners
France could introduce new tax rules for cryptocurrency owners who plan to move abroad. The proposed changes would target wealthy investors and extend the country’s existing exit tax to digital assets such as Bitcoin. If approved, the rules could require some individuals to pay tax on gains that have accrued but have not yet been realized through a sale. France already has an exit tax system that applies to certain investments, including shares, held by people who leave the country. The existing rules generally cover individuals with qualifying investments worth more than €800,000 ($897,420). The aim is to prevent wealthy…