Dividend King criticized an amendment which, according to him, would propose extending the duration of the Exit Tax to 15 years, compared to the current two or five years. He explained that this provision allowed the French state to tax the unrealized capital gains of certain taxpayers leaving the country, even if they had not sold their securities. According to his description, the taxation could be canceled if the securities were held for two or five years, depending on their value, but would become payable in the event of a sale before the end of the period. He also indicated that financial guarantees could be required depending on the destination country. Dividend King believed that a 15-year period would prevent taxpayers from selling without the French taxation on capital gains accumulated before their departure and could be contrary to European law. He added that the individuals concerned would still have to declare these capital gains to the French tax authorities, even after ten years of living and paying taxes in another country. He presented the amendment as a signal encouraging people to leave France before being subject to the Exit Tax and claimed that socialism ultimately erects barriers to prevent people from leaving. #ExitTax #Fiscalité #Expatriation (translated)
