Davin News Server

From: "P. Coonan" <nospam@ix.netcom.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: Canada folds under on it's Digital Service tax due to tariff threat from Trump
Date: Sun, 6 Jul 2025 20:08:14 -0000 (UTC)
Organization: Specious Propaganda Law Center

On 30 Jun 2025, NoBody <NoBody@nowhere.com> posted some
news:mhi56kltcko003ek4c3oqk9sg550a5ptnb@4ax.com: 

> The Canadian government rescinded a digital services tax that was set
> to take effect on Monday after President Donald Trump threatened to
> break off trade negotiations between the U.S. and Canada over the tax.
> 
> Canada's government adopted its 3% digital services tax a year ago and
> collections were due to begin on Monday. The tax applied to large tech
> companies that made more than $20 million a year in revenue from
> online marketplace services, online advertising, social media services
> and certain sales of user data involving engagement with users in
> Canada. 
> 
> The digital services tax would apply regardless of whether the company
> is headquartered in Canada, and also would've applied retroactively to
> 2022, putting a roughly $2 billion tax burden on major U.S. tech
> companies that do business in Canada.
> 
> Canada's digital services tax elicited pushback from both the Trump
> administration and the Biden administration, which was in office when
> it was initially devised and said the proposed tax was inconsistent
> with an existing trade agreement. Tech companies like Amazon, Meta,
> Google and Apple opposed the tax.
> 
> https://www.foxbusiness.com/economy/canada-rescinds-digital-services-ta
> x-us-what-why-did-trump-want-gone 

You knew they would.  Mark Carney is a wuss.