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  • Canada folds under on it's Digital Service tax due to tariff threat fro

    From NoBody@21:1/5 to All on Mon Jun 30 13:34:57 2025
    XPost: alt.fan.rush-limbaugh, can.politics, alt.politics.liberalism
    XPost: alt.politics.democrats, alt.politics.usa.republican

    The Canadian government rescinded a digital services tax that was set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-tax-us-what-why-did-trump-want-gone

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From P. Coonan@21:1/5 to All on Sun Jul 6 20:08:14 2025
    XPost: alt.fan.rush-limbaugh, can.politics, alt.politics.liberalism
    XPost: alt.politics.democrats, alt.politics.usa.republican

    On 30 Jun 2025, NoBody <[email protected]> posted some news:[email protected]:

    The Canadian government rescinded a digital services tax that was set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.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Cameron Hawks@21:1/5 to All on Sun Jul 6 20:22:03 2025
    XPost: alt.fan.rush-limbaugh, can.politics, alt.politics.liberalism
    XPost: alt.politics.democrats, alt.politics.usa.republican

    Americans are so fucking stupid, it's hilarious.

    Trump's a simpleton. Canada's DST was always going to be sacrificed because Canada is already working with other nations (Europe and others) to create a global, unified form of the DST (which was unique to Canada) to deal with
    U.S. tech giants. The idea is that they will eventually be taxed by all of those countries and not just Canada.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)