In The News

Fresh Off His Mishandling Of Anti-Carbon Tax Riots, Macron Plans ANOTHER Tax

France is pushing the European Union to adopt a new tax on big tech companies, but, if unsuccessful, is willing to implement the tax itself, the Financial Times reports.

“We will do it at a national level in 2019, we will tax the digital giants if European states do not take responsibility,” French finance minister Bruno Le Maire said according to the Financial Times.

French president Emmanuel Macron wants the tax to be in place by May 2019 before European elections begin. Macron is under intense pressure in France to strongarm corporations to placate an angry middle-class that had protested against the French government for over two weeks over a proposed gas tax hike. Macron scrapped the tax hike Wednesday.

A tax on tech would also fulfill one Macron’s policy objectives and provide more revenue to the French treasury.

“If you want to get money … I’ll tell you where there is money. It is in the digital giants that make considerable profits thanks to French consumers, thanks to the French market,” Le Maire said.

The “yellow vest” protest, so called after the yellow traffic vests protesters wear, has gained widespread support throughout France that has troubled French officials. Protests are common occurrences in the country, but a protest on par with the yellow vest movement has not occurred in France for decades.

Rioters in Paris have set buildings on fire, tipped over cars and damaged artwork. Protesters have fought police dressed in riot gear, resulting in hundreds of injured. Most of the French populace, though they support the protest against tax hikes, disapprove of the violence that has largely taken place in the capital city.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Tim Pearce

Share
Published by
Tim Pearce

Recent Posts

Tulsi Gabbard Lays Out How Deep State Waged ‘Years-Long Coup’ Against Trump

The Obama administration cooked up “manufactured intelligence” to suggest President Donald Trump’s 2016 election victory…

14 hours ago

How Biden EPA Scrambled To Beat Clock And Route Billions To Political Allies

The Biden Environmental Protection Agency (EPA) hastily shoveled billions in taxpayer dollars to Democrat-aligned green…

14 hours ago

Susan Collins’ Approval Rating At Record Low After Defying GOP, Trump On Multiple Key Votes

Republican Maine Sen. Susan Collins’ approval rating has fallen following a tense summer session where…

2 days ago

Joni Ernst Hints At List Of ‘Billion-Dollar Boondoggles’ She Wants To Bring ‘To A Squealing Halt’

Republican Sen. Joni Ernst of Iowa exclusively told the Daily Caller News Foundation she is…

2 days ago