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[cryptohunter]

If you have money in offshore accounts in France, you must follow their tax laws. Residents need to report all income, including from offshore accounts to the French tax authorities.

There are different tax rates based on the income type and you may face penalties if you dont declare it.

France part of the CSR exchanges financial info with other countries, ensuring transparency and helping authorities track offshore accounts held by residents.

 

[kerryjoy]

It’s crucial for anyone with offshore accounts in France to stay compliant with the tax laws, especially since France is part of the CRS exchange system. The penalties for non-declaration can be severe, making it important to report all income from offshore accounts to avoid any legal issues. The CRS's role in increasing transparency and helping tax authorities track financial activities is a major deterrent for those trying to conceal assets. It's a good reminder that tax laws are tightening globally, and residents should stay informed to avoid unintended consequences. What do you think—do you think these efforts will lead to a decrease in offshore tax evasion?