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France Approves Tax On Big Tech, And U.S. Threatens To Retaliate

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France will levy a 3% tax on digital companies that make large profits in the country. French Economy and Finance Minister Bruno Le Maire, who championed the measure, is seen here on Wednesday in Paris.

French officials have been frustrated that digital companies have been able to avoid taxes by establishing their European headquarters in countries that offer corporations low tax rates.

(Image credit: Ludovic Marin/AFP/Getty Images)


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