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Donald Trump Says He’s Ending Trade Talks With Canada Because Of New Digital Services Tax
The 3% tax was due to be implemented on Monday.
The Computer & Communications Industry Association, representing major tech firms, said that the tax will require companies to pay up to $3 billion in payments, including retroactive charges going back to 2022. Matt Schruers, the president and CEO of CCIA, said in a statement, “Canada’s decision to begin collecting payment under this unfair and discriminatory tax marks an unfortunate escalation in the targeted efforts of foreign governments to extract revenue from leading U.S. firms – while exempting their own domestic competitors. The Motion Picture Association-Canada and major streaming companies like Netflix and Amazon have been fighting another tax, 5% on their Canadian revenue.
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