Adsense now in Euros

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Today, I have just received an email from Google Adsense Team that publishers located in France, Germany, Italy, the Netherlands, and Spain can now view AdSense reports in Euros.

To make the switch to local currency reports, you'll need to agree to a new set of Terms and Conditions. Here are the main changes involved:

• The party that publishers are contracting with changes from Google Inc. to Google Ireland Limited.
  
• Publishers are responsible for paying any local taxes in their jurisdiction. Google will only issue VAT refunds to publishers with an address in Ireland.
  
• The governing law changes from California law to either English or local law.
  

Unfortunately, we're not able to interpret the meaning of changes in our legal documents for publishers -- if you have questions or need legal advice on interpreting the new Terms, please don't hesitate to contact an attorney.

We encourage you to update your account to local currency reports soon, as we may require this change in the future. If we're able to offer this to publishers in other countries, we'll provide details here on Inside AdSense. For more information, please feel free to visit our Help Center. - Inside Adsense Team

This is a good new for me (I live in Germany). The risk of currency fluctuation between US dollars and Euros can now be avoided. But the bad news is how much tax should I pay (as German Taxation is very high -_- ).