Canada caves to Trump and rescinds its digital service tax on big tech

Canada has joined our President Donald Trump with our President Donald Trump by canceling the proposed digital services tax (DST) in major technological companies declared. Friday, Trump Trade talks have been completed “On Levi, called” a direct and open attack on our country. ” But discussions have recovered Now the Prime Minister of Canada has gone to DST according to Mark Carney.

DST has been in force since last year, but Canada had to collect the first $ 2 billion in June 30. But these will now stop. “To support these talks, the Minister of Finance … Today will release the digital service tax (DST) in connection with the US-consumed comprehensive trading organization in Canada” Yesterday’s financial department. “

DST, with Canada planned To apply a three percent tax on content from major technological companies that trust the canadian users. Justification, 70% of advertising revenues in the nation go to companies like Google and Meta (this year), but these companies do not pay corporate taxes in Canada. Some funds collected under the DST would be entertaining for media companies that damage the advantages of Google and Meta.

Levi was not only the US government under US Biden and Trump administrations, but also in Canada. Local companies will increase their expenses after Google, because after one, this will increase at least 2.5 percent in Canada.

Capitulation is a wind for a great victory for Trump and his technological company. At the same time, the Canadian Trump was shot in the tune of melodies of metals, minerals and other goods with the 25 percent of the tariffs, so the CARNEY government was likely to sacrifice DST.