Canada has reversed its decision to implement a digital services tax (DST) targeting major US tech companies like Apple and Google, after trade negotiations with the US fell apart. The DST would have imposed a 3% tax on revenue from Canadian users and sought retroactive collections from 2022. Amid mounting pressure from US officials, including Donald Trump, and local business groups warning of economic repercussions, Prime Minister Mark Carney shifted his stance. This decision underscores the complexities of Canada-US trade relations and the potential for significant fallout from economic policies.
In response to pressure from Donald Trump and business leaders, Canada has decided to remove its controversial digital services tax that targeted big US tech firms.
The Canadian Prime Minister Mark Carney's reversal on the digital services tax highlights the significant influence of US trade relations on Canadian policy.
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