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French Digital Tax to Raise Around $480 Million From Tech Firms

  • France won’t bow to threat of U.S. sanctions, Le Maire says
  • Le Maire calls for immediate EU response if U.S. retaliates
Bruno Le Maire

Bruno Le Maire

Photographer: Cyril Marcilhacy/Bloomberg

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France will raise around 400 million euros ($480 million) from its digital tax in 2020, according to Finance Minister Bruno Le Maire, who wants the European Union to respond immediately if the U.S. goes ahead with retaliatory tariffs.