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The article explores the growing impact of public debt on the personal finances of the French and highlights the current concerns of the government regarding the need to restore investor confidence, despite the fact that debt has been high for decades without any apparent immediate consequences. #DettePublique #FinancesPersonnelles #Budget2024 (translated)

Josh Wander, former owner of Standard Liège and co-founder of 777 Partners, pleaded guilty to electronic fraud and securities fraud in the United States, facing up to twenty years in prison after defrauding more than $500 million from lenders and investors using fake financial documents. #Fraude #StandardDeLiège #777Partners (translated)

Certain specific circumstances mean that some countries are more affected than others, France is a typical example. When asked whether the ECB was about to assist France, Christine Lagarde responded that it was up to Paris to reassure investors through its budgetary policy. #Dette #FinancesPubliques #BCE (translated)

Dividend King described a climate he deemed particularly negative in France. He wrote that the entrepreneurs he knew were considering leaving, although many, in his view, would not follow through. He also indicated that the tax advisors and wealth managers he spoke with received numerous requests for expatriation from their clients, a trend that had supposedly increased since the dissolution of the Assembly and would accelerate as the presidential election approached. He specified that these clients held fortunes in the range of 7, 8, or 9 figures. The author added that many university students he had recently discussed with wanted to start their professional lives abroad, even if not all would realize this project. In the stock market, he estimated that French investors were increasingly turning away from companies in the CAC 40 in favor of global or American markets, and that the recent performance of these markets justified their decisions. He finally said he had never observed, in his lifetime, such a negative sentiment at so many levels and expected the trend to continue. #entrepreneuriat #expatriation #france (translated)

Le Mans FC, recently promoted to Ligue 1 thanks to the investment from the Brazilian fund OutField and a team of prestigious investors like Novak Djokovic and Thibaut Courtois, aims to establish a new level of rigor and competitiveness despite the absence of these celebrities in the daily management of the club. #LeMansFC #Ligue1 #InvestissementSportif (translated)

Dividend King provided an update on the amendments concerning investors and entrepreneurs reviewed by the finance committee as part of the 2027 budget. He indicated that nearly all proposals aimed at increasing the flat tax had been rejected, such as the proposals to abolish the single flat-rate tax. A final amendment was supposed to be submitted for a vote that very day, but it had little chance of being adopted. According to his report, the committee had rejected all amendments aimed at tightening the Exit Tax, particularly those seeking to extend its duration from 2 to 15 years. However, it had adopted proposals to include portfolios of cryptocurrencies exceeding €800,000 in this scheme, to tax capital gains realized during conversions into stablecoins, and to impose a declaration to the tax authorities for self-hosted crypto portfolios of at least €100,000. Failure to declare could result in a fine of up to €10,000, he specified. Dividend King also stated that an amendment aimed at extending the 2% tax on holdings to financial investments had been withdrawn and that amendment I-CF1440, which proposed to abolish the tax on certain non-professional assets of wealth management holdings, had not been supported. He added that the amendment on contribution-disposition put forward by the general budget rapporteur, Philippe Juvin, had been adopted. This included stricter controls on donations of holding shares and changes to the taxation deferral regime, with transitional provisions for contributions made before October 7, 2026. The author believed that cryptocurrency holders were, at this stage, the main losers. He emphasized, however, that these results only concerned the finance committee and that the amendments still needed to be examined in a public session. He also reminded that amendments rejected in committee could return during debates and that the government could have its original version of the budget adopted through Article 49.3 or through ordinances. #Budget2027 #Cryptomonnaies #Finances (translated)

Due to the growing mistrust of investors towards French debt, 38% of the bonds of major French companies, such as LVMH and L'Oréal, are now considered less risky than those of the state, an unprecedented situation that reflects a distinct perception of the financial health of multinationals compared to that of the French state. #Obligations #Investissement #LVMH (translated)

Hasheur condemned the accumulation of new reporting obligations, data leaks, security issues, and tax rules targeting crypto investors in France. He also criticized a proposal that would make the declaration of large portfolios mandatory, arguing that sharing this sensitive information in the current security context would expose investors. However, he welcomed the possibility of deferring capital losses over ten years. On the other hand, he found concerning the amendment that would make the transition from a cryptocurrency to a stablecoin taxable. According to him, this measure would eliminate tax flexibility, allowing investors to secure their gains without paying tax immediately before withdrawing their profits. Hasheur clarified that the amendment, brought by Nicolas Sansu and deputies from the GDR group, including communists, had been adopted in the finance committee on October 7, but that it had not yet been definitively voted on and therefore had no force of law. He felt that the direction taken was not reassuring and stated that he could no longer believe that the situation made sense. #Crypto #Fiscalité #Investissement (translated)