France Rejects Flat Tax Hike; China Restricts Large AI Model Open-Sourcing
France's parliament rejected a proposed increase to the flat tax on capital gains from 12.8% to 22.8%, a win for crypto investors. Separately, China now requires MOFCOM approval to open-source AI models above 2 trillion parameters or trained beyond 10²⁶ FLOPs.
What we know
An account on X broke that the French National Assembly rejected the amendment to the 2027 budget that would have raised the prélèvement forfaitaire unique (PFU) from 12.8% to 22.8%, which combined with social charges would have pushed total taxation to 42.1% — a major relief for crypto investors in France (548 likes, 41 RTs). On the AI regulatory front, another account on X highlighted a new Chinese rule requiring Ministry of Commerce (MOFCOM) approval before Chinese entities can open-source AI models exceeding 2 trillion parameters or trained with more than 10²⁶ FLOPs — a significant new gating mechanism on frontier Chinese AI model releases (147 likes, 17 RTs, 13K views).
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.