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Canada caves to Trump and rescinds its digital service tax on big tech
Canada has folded in its battle with US President Donald Trump over tariffs by cancelling its proposed digital services tax that was a major sticking point.
Canada has folded in its battle with US President Donald Trump over tariffs by cancelling its proposed digital services tax (DST) on big tech companies, the government announced. The justification was that 70 percent of ad revenue spending in the nation (an estimated $25 billion this year) goes toward US firms like Google and Meta, but those companies don't pay corporate taxes in Canada. However, Canada has been hammered by Trump's 25 percent tariffs to the tune of billions on metals, minerals and other goods, so Carney's government likely felt it necessary to sacrifice the DST.
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