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Home World USA

Canada drops digital services tax to help restart US trade talks

30 June 2025
in USA
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Canada drops digital services tax to help restart US trade talks
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Canada has repealed a planned digital services tax on major US tech companies, which was set to begin shortly, in an effort to resume trade talks after US President Trump criticized the tax as an attack and threatened tariffs. The tax, aimed at generating revenue from companies like Amazon and Google, was expected to cost these firms over $2 billion annually.

Explain It To Me Like I’m 5: Canada decided not to charge a new tax on big American tech companies so they can talk more about trade with the United States.

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Tags: CanadaDigitaldropsRestartServicesTalksTaxtrade
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