If I have a G-manifold M, embedded in a representation space V, I have found in
web.math.rochester.edu/people/faculty/doug/otherpapers/… (pg. 97) claim that the degree of the map S^V \to S^V we get from equivariant Pontrjagin-Thom coincides with the Euler characteristic of M. It claims that there is a classical proof of why this is so. What is the argument?