Different post today. While the tape digests round two of the Iran war, a quick one for everyone who's ever asked me about leaving France — and there are more of you every month.
France has an exit tax. Leave the country holding €800k+ in shares, or more than 50% of any company, and the taxman bills you 31.4% on your *unrealized* gains, money you haven't touched, taxed on the way out the door.
On a holding with €3M of latent gains, that's a €942,000 invoice for the crime of moving. The part worth keeping: it's 100% erasable if you plan it. Defer the payment, hold your shares 2 years (5 if you're above €2.57M), and the bill dies. Miss one optional form when leaving for a non-EU country and you owe all of it, immediately.
Yann Darwin just broke the whole thing down : thresholds, the deferral mechanics, the residency traps that get expats audited three years later:
www.youtube.com/watch?v=M6hCFzeeT4U
It's in French; subtitles do the rest.
As for markets: the ceasefire died overnight, Brent tagged $80, the Dow gave back 800 points two days after printing a record high, and hike odds went from one-in-four to one-in-three before lunch. We'll post our outlook when volatility stops dancing. Charting a boat mid-wave helps nobody.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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