Regulation· ★★★· bearish·

French LFI Party Proposes Raising Dividend Flat Tax to 34.4%

  • —Amendment would raise the PFU tax component from 12.8% to 15.8%
  • —Total dividend tax rate would rise from 31.4% to 34.4%
  • —Changes target Article 117 quater on dividends, not crypto
  • —The amendment must pass finance committee and parliament review
Why it matters: A higher PFU could set a precedent for raising crypto capital gains tax, which uses the same 30% flat rate.
Source: Cryptoast