The #DigitalServices tax applies to Canadian & foreign businesses that engage with online users in #Canada. It will apply to companies like #Amazon, #Google, #Meta, #Uber & #Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving US companies with a $2 billion US bill due at the end of the month.
#Canada & the US have been discussing easing a series of steep #tariffs #Trump imposed on goods from America’s neighbor.
But Trump said that Canada’s continuing to collect a #DigitalServices taxes on Canadian & American #technology companies — a levy first approved in June 2024 — was prompting him to call off all #trade talks.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” #Trump posted Friday on his social media site. “We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period.”
#Trade #TradeWar #economy #Canada #tech #DigitalServices #RevengePolitics
@Nonilex bone spurs but have punctured his brain meat. Tearing the human race limb from limb.