Macron aims to increase EU revenues by taxing foreign companies.
29-06-2026 14:09 Economy
1in.am. French President Emmanuel Macron has instructed his administration to find additional ways to collect pan-European taxes from foreign companies. According to «Politico», the goal is to ensure the funding of the next EU budget, amounting to 2 trillion euros, not through payments from national governments, but through taxation of American tech giants and foreign companies.
This initiative from Paris is driven by domestic political considerations: increasing its own payments for the budget could strengthen the position of the French opposition party «National Rally» ahead of the 2027 elections.
As «Politico» notes, although the European Parliament has proposed new tax types for the digital and cryptocurrency sectors, Germany and several other countries oppose this to avoid potential trade retaliatory measures from the U.S.
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