Get the latest tech news
Trump ends trade talks with Canada over a digital services tax
US companies are reportedly preparing to pay around $2.7 billion to cover a three percent tax on revenue generated from Canadian users.
President Donald Trump said the US is ending trade talks with Canada, effective immediately, over a tax on digital services that will impact American tech companies. According to The New York Times, US companies are preparing to pay around $2.7 billion to the Canadian government to cover a three percent tax on revenue they generated from users in the country. Amid trade talks with the US, Canada's finance minister, François-Philippe Champagne, said this month that the country had no plans to hit the pause button on the DST.
Or read this on Endgadget
