Macron says France to get €40 billion from 'historic' EU deal
According to the French president, the 'historic' deal stipulates that the EU will be able to levy taxes 'on large companies and international players who do not play ball'.
EmmanuelEmmanuel Macron said France will receive 40 billion euros ($46 billion) after European Union leaders agreed on an unprecedented 750 billion-euro recovery fund to help the bloc overcome the economic fallout from the coronavirus pandemic, reports Bloomberg.
According to the French president, it won’t cost his country’s taxpayers a cent as the deal stipulates that the EU will be able to levy taxes “on large companies and international players who do not play ball.”
Macron referred specifically to a plastic tax, a renewed effort to create a digital tax at the EU level and a border adjustment mechanism linked to carbon emissions.
“We have reached a historic deal for our Europe. It is the fruit of three years of work with Germany,” said Macron in a television interview on TF1. “It is the most important moment in the life of our Europe since the creation of the euro.”
