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News

Canada rescinds digital services tax for US

Insider on MSN · 1d
US tech giants saved billions with Canada backing off its digital services tax
Canada rescinded the Digital Services Act after Donald Trump threatened to terminate trade talks on Friday.
The Wall Street Journal on MSN · 1d
Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.
Canada said it would rescind a digital-services tax in a bid to salvage trade discussions with the U.S. after President Trump paused talks on Friday. Canada’s finance department was set to collect billions of dollars from U.
Ars Technica · 1d
Trump’s tariff threat pushes Canada to scrap digital services tax
But it wasn't just Trump pushing Carney to reconsider the tax. A nonprofit representing CEOs and leaders of some of Canada's biggest businesses, the Business Council of Canada, had warned that Carney defending the tax risked "undermining Canada’s economic relationship with its most important trading partner," Al Jazeera reported.
1d
Canada rescinds digital services tax after Trump says U.S. will halt trade talks
Canada rescinded its digital services tax one day before the first payments were due after President Donald Trump announced ...
Financial Post5d
Digital Services Tax to stay in place despite G7 deal
The first payment for Canada’s digital tax is still due Monday, the country’s Finance Department confirmed, and covers revenue retroactively to 2022. The tax is three per cent of the digital ...

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