The French government has announced it will abandon plans to exclude synthetic ETFs from the Plan d’Épargne en Actions (PEA), reversing a proposal outlined in a note from the Treasury department in late July. This measure, which was to be included in the 2027 finance bill, threatened over 7 million PEAs representing approximately 126 billion euros in assets. Minister David Amiel confirmed on X that investors will continue to be able to invest in US indices such as the S&P 500 or Nasdaq through their PEA while retaining the plan’s tax advantages. After five years of holding, gains are subject only to social contributions of 18.6%, compared to a flat tax of 31.4% in a standard securities account.
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