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Canada Drops Digital Services Tax at 11th Hour, Backing Down After Trump Terminated Trade Talks Over the Issue
Canada rescinded the Digital Services Tax just hours before it was to go into effect, backing down after President Trump had ended trade talks over the issue.
Just hours before Canada ’s new Digital Services Tax was set to go into effect, the Canadian government announced that it has rescinded the levy “in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.” François-Philippe Champagne, Canada’s Minister of Finance and National Revenue, will soon bring forward legislation to rescind the Digital Services Tax Act, according to the department. The tax would have required affected companies, predominantly big U.S. technology firms, to pay up to $3 billion to the Canadian government, including retroactive charges dating back to 2022, according to the Washington, D.C.-based Computer & Communications Industry Association trade group.
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