Post by Cyph3rp9nk
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Cyph3rp9nk
The 🇫🇷 French Senate has approved the 2025 budget, which includes an “unproductive wealth” tax targeting assets like Bitcoin. The tax would apply annually to unrealized gains on cryptocurrencies. The proposal now awaits a vote in the National Assembly.
https://m.primal.net/OCSE.jpg
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hh
I've had this argument with my friends and family who hold BTC (and alts) so many times. "But why wouldn't you just declare your BTC as legally required You'll get in trouble for nothing. You always say you will never sell, so they will not tax you." "Yeah, until they decide they will. Then, because BTC is all I have, I won't even be able to pay the taxes, so they will effectively confiscate it and make me broke".
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Manbyt
After the covid hysteria I realized that those are the kind of people who will likely rat you out when the state starts turning the screws tighter. They’ll be doing it “for your good”.
hh
As a matter of fact, it's been a while since I gave anybody specifics. Not even my wife knows exactly how much I hold anymore, or where. (I do have written instructions safely stored in case I die).
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Cyph3rp9nk
Correct, and I am afraid that if this legislation is approved, it will gradually be adopted by the rest of the member states of the European Union.