Macron says France will get $ 46 billion in stimulus deal with EU

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Daily tax report ®

21 July 2020, 19:24

Emmanuel Macron said France would receive 40 billion euros ($ 46 billion) after European Union leaders agreed on an unprecedented € 750 billion stimulus fund to help the bloc to overcome the economic fallout from the coronavirus pandemic.

According to the French president, this will not cost the taxpayers of his country a cent because the agreement stipulates that the EU will be able to levy taxes “on large companies and international players who do not play ball”. Macron made specific reference to a plastics tax, a renewed effort to create a digital tax at EU level and a carbon-linked border adjustment mechanism …

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