#Bitcoin

Banking Scandal: When the Senate Denounces Abuses, Bitcoin Emerges as the Alternative

On June 19, a team of Senate rapporteurs was asked to work on one of the texts of the 2025 Finance Act. In practice, part of this text attempts to establish mechanisms to curb "CumCum" arrangements.

As a reminder, this is a "tax optimization" practice that allows foreign holders of French shares to circumvent dividend taxation. This method, exposed during a scandal in 2018, reveals the involvement of several banks in these schemes.

This loophole was supposed to be addressed by the 2025 Finance Act, but as Jean-François Husson (LR) points out, this anti-fraud provision has been completely stripped of its substance. According to his report, the text published by the government adds specific cases to the heart of the law. In practice, these cases introduce loopholes that allow the law to be circumvented once again.