Canada Cancels Digital Tax
This is a Canada news story, published by CityNews, that relates primarily to Uber news.
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controversial digital services taxCityNews
•Technology
Technology
Canada cancelled its digital services tax. What was it and why did the U.S. hate it?
71% Informative
Canada cancels its digital services tax, just one day before the first payment was due.
The tax was announced in 2020 , but the legislation to enact it didn’t pass until last year .
It meant companies such as Amazon , Google , Meta , Uber and Airbnb, would pay a three -per-cent levy on revenue from Canadian users.
The parliamentary budget officer had estimated it would bring in $7.2 billion over five years .
Canada and the U.S. have been in a trade war for months , triggered by Trump ’s imposition of tariffs.
At the G7 summit in Alberta earlier this month , Carney and Trump agreed to work on reaching a deal by mid-July .
On Friday , Trump said he was “terminating all discussions on trade with Canada ” because of the tax.
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