Michaela
French lawmakers have approved an amendment advancing the taxation of certain assets, including substantial cryptocurrency holdings and other forms of “unproductive wealth.”
Key Points
- French lawmakers have approved an amendment advancing the taxation of certain assets, including substantial cryptocurrency holdings and other forms of “unproductive wealth
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Key points:
- French lawmakers have advanced an amendment to tax “unproductive wealth,” including large cryptocurrency holdings and other high-value assets.
- The measure targets individuals with unproductive wealth over €2 million ($2.31 million) and proposes a flat 1% tax on assets above this threshold, replacing the current progressive real estate wealth tax.
- The inclusion of digital assets raises questions for SHIB investors in Europe, particularly regarding whether active DeFi, staking, or yield-generating activities will be considered “productive” under the new rules.
On October 22, Centrist MP Jean-Paul Matteï and fellow National Assembly members introduced an amendment that passed Friday with a 163-150 vote, supported by both socialist and far-right lawmakers. The measure must still navigate the remaining parliamentary process, including Senate approval, before becoming part of France’s 2026 budget.
The amendment summary described the existing real estate wealth tax law as “economically inconsistent,” noting it excludes certain unproductive assets, including gold, coins, classic cars, yachts, and works of art.
Matteï argued that the proposed tax would promote productive investment, addressing gaps in the current system that overlook assets contributing to France’s economic activity. The amendment specified that “unproductive goods” would no longer be exempt, expanding taxable assets to include non-productive real estate, valuable items, aircraft, and digital assets.
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Under the proposed amendment, only individuals with “unproductive wealth” exceeding €2 million, roughly $2.31 million, would be subject to taxation, up from the current threshold of €1.3 million, or about $1.5 million. The new measure sets a flat 1% tax on assets above this threshold, replacing the existing progressive real estate wealth tax, which ranges from zero for assets under €800,000 ($922,660) to 1.5% for holdings above €10 million ($11.5 million).
SHIB and the Impact of France’s “Unproductive Wealth” Crypto Tax
France’s proposed tax on large crypto holdings has sparked fresh debate among SHIB investors across Europe. While the measure primarily targets high-value digital assets such as Bitcoin and Ethereum, its broader language on “unproductive wealth” includes all types of crypto holdings, potentially encompassing tokens like SHIB.
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For SHIB holders, the move emphasizes the rising focus on regulating wealth stored in digital assets. It could influence how investors approach portfolio management, liquidity, and staking strategies within Shibarium’s ecosystem.
A key question now is whether regulators will differentiate between active decentralized finance (DeFi) participation, yield generation, or staking activities as “productive,” or treat all holdings uniformly under the new tax framework. The outcome may set an important precedent for how meme tokens and decentralized ecosystems are treated under European tax law.
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
