Thursday, April 18, 2019

Billionaires Face 'Yellow Vest' Scorn over Notre-Dame Pledges


THE TELEGRAPH: Billionaire French tycoons faced a mounting backlash on Wednesday over tax breaks on their huge donations to restore Notre-Dame, as Yellow Vest protestors said the hundreds of millions of euros should be spent on tackling France's social problems.

The contributions to the cathedral's renovation approached €900 million (£780m) on Wednesday as the owners of Chanel and Dior stepped forward with donations along with Disney and the technology giant Apple.

However, the outpouring of cash has angered supporters of France's Yellow Vest movement, which noted that President Emmanuel Macron's "rich friends" stood to receive major tax breaks linked to donations in support of the public good and restoring national treasures.

They also pointed out that the sudden willingness of wealthy businesses to turn out their pockets showed that money was available to boost the French government's coffers. » | James Rothwell and Henry Samuel | Thursday, April 18, 2019

THE TELEGRAPH: Macron plans to shut elite school for future leaders » | Henry Samuel in Paris | Wednesday, April 17, 2019