“France has been fighting for four years to correct the profound injustice” of the international economy, Mr Macron told journalists at the Élysée palace. We fought for it.”Mr Macron accused the Trump administration of blocking efforts to achieve an international corporate tax regime through the OECD for four years. “There is no more trade conflict since we all agree,” Mr Macron said. Mr Macron expects France to gain between €5 billion and €10 billion annually from the new international corporate tax regime, while European economies should gain about €50 billion. The accord “completes the work that began at the time of the 2008-10 financial crisis” and which earlier ended banking secrecy, Mr Macron said.

Source: The Irish Times June 10, 2021 19:33 UTC