US Edition
Canada rescinds digital services tax to advance stalled US trade talks
- On June 30, 2025, Canada eliminated its digital services tax in an effort to help restart trade talks with the United States.
- The tax imposed a 3% charge on digital revenues generated in Canada that surpassed $20 million, targeting companies with global earnings above $1.1 billion, which led U.S. President Trump to halt trade discussions.
- The levy targeted U.S. technology firms like Amazon, Google, Meta, Uber, and Airbnb and was retroactive to revenues dating from January 1, 2022, escalating trade tensions.
- Mark Carney announced on Sunday that he and Trump agreed to resume negotiations aiming for a deal by July 21, 2025, following this month's G7 Summit in Kananaskis.
- With Canada withdrawing the tax, both countries expect stalled trade talks to progress and reduce economic conflict affecting technology and other sectors.
379 Articles
379 Articles
Nice Try with That DSA Prime Minister Carney!
President Trump forced Canada to back down from its European-style digital services tax. When Carney announced it, President Trump canceled trade talks with Canada. The President said the tax on technology firms is “a direct and blatant attack on our country.” Canadian PM Mark Carney announced last night that Canada rescinded its plan and that […] The post Nice Try with That DSA Prime Minister Carney! appeared first on www.independentsentinel.co…
Canada Ditches Tech Tax After Trump Threat
Canada has ditched its plan to implement its new digital services tax, which aimed to collect billions of dollars from American tech giants like Meta and Amazon, after President Trump said the tax led to him cutting off trade negotiations between the two countries. The tax was scrapped by Canadian Prime Minister Mark Carney on Sunday following a discussion with the president, per The New York Times. The new tax — which was a 3% tax on tech comp…
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