The French government has announced it will abandon plans to exclude synthetic ETFs from the PEA (Plan d’épargne en actions), dispelling concerns among millions of investors. These funds, which allow investment in international indices such as the S&P 500 or Nasdaq through swap contracts, will remain eligible for this tax-advantaged account. Approximately seven million PEAs are held in France, and this decision removes the uncertainty that weighed on account holders and asset management companies. Minister of Public Accounts David Amiel confirmed that no measures would be proposed to change the eligibility conditions for these products. After five years of holding, gains remain exempt from income tax but are still subject to social contributions.
Source: Read the original article
