Best Bitcoin Exchange for France
Despite increasing recognition and regulation of crypto currencies, there are no clear conditions in many places for taxation. France’s parliament now has to decide on a possible tax reduction for profits on the crypto market for 2019.
House of Lords of Parliament must agree to Lower House motion
Correctly enough: The new requirements for the taxation of profits from the trading of crypto currencies such as Bitcoin were initially accepted by the Lower House of Parliament as a motion to amend the forthcoming Budget Act. The media assume that the regulation will actually be implemented, so that France will once again set an example in the treatment of ethereum and all other digital currencies within Europe. This would be an important step towards equal treatment of blockchain technology and crypto currencies.
Government has long advocated crypto developments
In the past, France’s President Macron had repeatedly spoken out in favour of a more liberal policy on this matter. For him, the recognition is particularly relevant with regard to French companies that either invest in crypto-coins or work with the blockchain themselves. In fact, the head of government even seems to be increasingly considering state activity, because Macron is even planning crypto reserves for state programmes. The state will certainly not want to get involved in mining. In elections or bureaucratic matters, however, several countries want to carry out experiments with the blockchain.
What should the new tax situation look like?
If everything goes according to plan, the proceeds from the sale of crypto currencies will be taxed at 30 percent in the future. The tax rate is still 36 percent, which is higher than the rate of capital gains tax currently levied in France on numerous other speculative and investment products. From the point of view of many insiders, the tax reduction is important in order to stabilise France’s standard. Not to mention the advantages for private investors. Should both the House of Commons and the House of Lords give the green light in the near future, the country could from 2019 become a new crypto stronghold not only within Europe, which would attract many start-ups.
The tax change would basically be just one of a number of measures taken by the Macron government to create clear legal provisions and regulations for the booming market.
Of animals and of humans
- The French have a thing for animals: Not only do they enjoy eating unusual animals such as frogs and snails, they also impose curious prohibitions. For example, pigs and cows may not legally be called “Napoleon”.
- To stick to the subject of cows: In the Middle Ages, the highest court condemned a cow because it caused a disease in a human being. Even crazier: In 1740 a cow was accused of sorcery and then hanged from the gallows.
- And on the subject of the Middle Ages: it may be hard to believe, but the French had even crazier punishments than many other countries. For example, women were punished by being forced to run around the city naked and try to catch a chicken. Anyone who thinks he knows all the curiosities of the Middle Ages can test his knowledge in our medieval knowledge test.
- The Scottish kilt, the famous tartan skirt, doesn’t even come from Scotland. Originally it comes from France.
In Paris, the beautiful capital of France, many people like to travel black by public transport. And they like it so much that they organized themselves and insured each other illegally. It is paid into a common pot, from which any fines for those caught are financed.
Architecture and History
- For more than 300 years, French was the national language of England.
- Everyone knows the Eiffel Tower and the Louvre, perhaps also the Sacré-Cœur. And although they are certainly more architecturally and culturally valuable, there is an even more popular tourist attraction – Disneyland Paris. It is the most visited of all the sights. The popularity, also among Germans, can be explained by the fact that one can easily get there by car and thus one does not have to book an expensive flight to a far away country. Those who have decided for their destination only have to take care of a holiday flat.
- During the Second World War Hitler did not visit Disneyland, but the Eiffel Tower. However, he could not take the elevator up there, but had to walk. Activists had heard of his visit and cut some of the elevator cables.
- Until 1977 people were killed in France by means of a guillotine.
- The storm on the Bastille, which is considered as prelude of the French revolution, was primarily symbolic nature. At that time there were only 9 prisoners who could be liberated.
- The Pont Neuf, translated as the “New Bridge”, is not the newest but the oldest bridge in France.
- While Wales has the place with the longest city name in the world, “Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogoch”, France has the place with the shortest name. For this reason, the town of “Y” and the town in Wales have entered into a town twinning agreement.
- Similarly bizarre is another French place name: “Pussy”. Beautiful, isn’t it?
- Almost 20% of France’s land mass is separated from the country itself. And even from Europe. The French islands of Martinique and Guadeloupe, for example, are in the Caribbean.
The French and their food and drink
- Frog’s legs are a delicacy in France, but they are not the delicacy number 1. Noble oysters are the most popular. On average, almost 2,000 French people are injured so badly every year when they are opened that they need medical attention. If you still want to take the risk, you should at least have a look at the instructions beforehand and find out how to open it correctly.
- The French also like to drink something more noble. More precisely, over 180 million bottles of champagne a year. This is a world record. And even more: even half of the world’s champagne consumption is covered by it. Chapeau!
- By the way, the croissant, which many people use for one of the culinary flagships of France, is a real treat.