French Assembly drops corporate surtax but keeps stablecoin conversion tax
- —Article 15 extending the surtax on firms with revenue above €1.5bn was rejected 79-77
- —The Sansu amendment taxing crypto-to-stablecoin conversions passed 38-37 on Oct. 16
- —Converting BTC to USDC could face a 31.4% levy instead of tax deferral
- —The final vote on the first part of the 2027 budget is set for Nov. 3
Why it matters: If the tax survives, French holders would be taxed on moving crypto into MiCA stablecoins, curbing stablecoin turnover in the EU.
Source: Journal du Coin