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France: draft law provides for reduction of the Bitcoin tax to 30 percent

the France could reduce the capital gains tax for gains from trade with crypto-Assets, such as Bitcoin. The French Parliament approves a new draft of the law,

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France: draft law provides for reduction of the Bitcoin tax to 30 percent
the France could reduce the capital gains tax for gains from trade with crypto-Assets, such as Bitcoin. The French Parliament approves a new draft of the law, must, crypto profits in the future, only 30 percent instead of the previously 36.2 percent, taxed.

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13. November 2018 share Facebook Twitter LinkedIn xing mail

France proposes a crypto-friendly rates. Because, as the Reuters news Agency reported, took the Finance Committee of the French Parliament on may 7. November a change in the law, which approximates the profits from crypto-trade sales, the tax of other financial products. Currently, these are taxed at a rate of 36.2 percent, 6.2 percentage points higher than gains from capital income such as bonds and shares. The change in the law would then equal tax treatment of profits from trading with crypto-Assets, and those from the conventional financial sector.

Yet the law is not adopted. The implementation of the draft stands or falls with the adoption of the draft budget in the Parliament. Because the new law is a Supplement to the budget for the year 2019.

France is a crypto-friendly face

Bitcoin friends in France are likely to show up satisfied. The possible reduction in the capital income tax falls in a time of positive regulatory signals in the Fifth Republic. Like BTC-ECHO already reported, screwed in France, not only in the capital income tax, but also in terms of the ICO-regulation is a future-facing way. A result of the planned policy, the government wants to create legal certainty for the tax treatment of ICOs, and thus the creation of crypto Start-ups.

regulation in Germany is limping after the

regulation in Germany is, however, less clear than in the neighbouring country. This is a clear example of the court decision of the chamber court of Berlin. In the judgment, the court spoke clearly to the prevailing BaFin Dogma that Bitcoin is a financial instrument within the meaning of the banking act. As a result, it increasingly came to protest the actions of the German crypto-environment. So is claiming to have published an open letter to the Bundestag, in which the company denounced the prevailing uncertainty in terms of regulatory framework conditions.

to get a little light into the darkness of the regulation, we have the tax treatment of profits from trading in Bitcoin, a Podcast episode dedicated to it.

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