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The Prime Minister of the US Donald Trump is greeted by Canada Mark Carney, as the G7 leader reaches the summit of Kannaskis, Alberta, Canada on 16 June 2025.
Stefan Rousseau Through Reuters
Canada has been a very beneficial intersection with the United States in the digital tax on digital digital tax on digital tax, announced the night of Ottawa Sunday, a day before the end of the first tax payments.
The movement comes after the President of the US Donald Trump announced this weekend “Ending all of the trade talks” will be Canada“In response to Ottaw’s response a Digital service tax In American Tech Companies.
“The current ads restarts the negotiations for July 21, 2025, the timeline set up at the G7 Leaders of Kannamas.”
The first payments of the Canadian digital services tax, last year, and 2022 would be applied retroactively, at the beginning of Monday. The taxes would apply to home and foreign technology companies such as US giants Gym, Google and Meta With a 3% levy.
This Ottawa decision was a participation of Canadian officials this month, who said would not interrupt digital services taxDespite the Hard Opposition Of the US
Minister of National Finance and Introduction of Canada, “Restarting digital services will allow for negotiations of a new economic and security relationship with the United States to be essential for the United States and to create jobs and build prosperity for all Canada.”
However, the statement from the Ministry of Canada Finance also said Carney “has been clear that Canada is necessary, but no longer get that agreement.”
For the first time in digital services tax in 2020, many large technology companies earned major Canadian income, but were not taxed.
Ottawa also said while working with international tax partners, in a multi-purpose agreement that would replace US digital service taxes.
US Treasury Secretary Scott Bessent said on Friday, the US trade was investigated by Jamieson Greer to “determine US businesses and high damage to the US economy”.
“We disagree (with tax), and we believe that they discriminate against US companies” Bases told CNBC Morgan Brennan “Closed Bell: Schedule”.
“Various countries in the European Union have digital service taxes. No one has done retroactively,” Bessents, retroactive digital taxes, about $ 2 trillion “
The US commercial trade was approximately $ 762 million, according to the U.S. Trade Representative Office.
– CNBC Kevin Breuninger helped this report.
