Critics warn that France’s revised wealth tax may drive crypto investors to sell off holdings, labelling the policy an ideological mistake.
French lawmakers approved a proposal to expand the wealth tax to cover ‘unproductive assets’ like luxury goods, property, and digital currencies. The amendment by centrist MP Jean-Paul Matteï narrowly passed the National Assembly, 163 to 150, with support from socialist and far-right members.
The proposal will now move to the Senate for further debate as part of the 2026 national budget process.
Under the plan, individuals holding ‘unproductive wealth’ valued above €2 million would face a new 1% flat tax. The measure replaces the existing…
