Canada’s Walk Back of Digital Services Tax Boosts Big Tech, Spells Trouble for Similar Efforts
14 Articles
14 Articles
The note may have gone unnoticed between so much political and economic anomaly that plagues the world, but because of its gravity it must be underlined: “Canada withdraws the [fiscal] tax from the great technology to calm Trump,” headlined the newspaper El País on June 30.
Canada Scraps Tax on Big Tech Companies After Trump Threatens Tariff Increase
Canada’s government scrapped a 3% tax on technology companies’ revenue on Sunday, mere hours before it was due to take effect. The reversal came after President Trump said Friday he would pause U.S.-Canada trade talks and would set a new tariff rate on Canadian goods within the next week. Canada’s digital services tax would have raised billions of dollars of revenue annually from U.S. tech giants like Amazon, Meta and Apple.
US-Canada digital services tax negotiations called 'a pretty big deal and a real victory for Trump' · American Wire News
On Sunday, Canada announced that it will be rescinding the digital service tax on US tech firms, which may put pressure on other countries to follow in their footsteps. The decision came as America’s neighbor to the north aims to bring President Donald Trump’s administration back to the negotiation table and avoid increasing tariffs. And it appears the move was a success, as the White House indicated that discussions between the two countries wi…


Canada declares independence from Liberal censorship — with Donald Trump's help
Canadian Prime Minister Mark Carney announced that his government would rescind the Digital Services Tax. Yes, Carney caved.Canadians should be relieved.Within 48 hours, the PM was on the mat, again acquiescing to Trump even after his finance minister had categorically rejected abandoning the tax.The Liberal government enjoys inventing new ways to tax both Canadians and anyone doing business in Canada. Canada is the home of the Goods and Service…
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