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.
@Nonilex they have the best lumber but let him find out the hard way we are in a global economy. #IdiotAmerica