US EditionCanada rescinds digital services tax to advance stalled US trade talks
- On June 30, 2025, Canada eliminated its digital services tax in an effort to help restart trade talks with the United States.
- The tax imposed a 3% charge on digital revenues generated in Canada that surpassed $20 million, targeting companies with global earnings above $1.1 billion, which led U.S. President Trump to halt trade discussions.
- The levy targeted U.S. technology firms like Amazon, Google, Meta, Uber, and Airbnb and was retroactive to revenues dating from January 1, 2022, escalating trade tensions.
- Mark Carney announced on Sunday that he and Trump agreed to resume negotiations aiming for a deal by July 21, 2025, following this month's G7 Summit in Kananaskis.
- With Canada withdrawing the tax, both countries expect stalled trade talks to progress and reduce economic conflict affecting technology and other sectors.
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Just a year ago, Ottawa introduced the digital tax - which would have become due now. But now Canada is rowing back to meet US President Trump.
Carney and Trump spoke on the phone on Sunday, and the prime minister's office confirmed that they agreed to resume the negotiations, taking into account the deadline of 21 July 2025.
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Bowen Island Undercurrent+2 Reposted by 2 other sources
Canada cancelled its digital services tax. What was it and why did the U.S. hate it?
OTTAWA — Tech giants such as Amazon and Google will not have to shell out close to $2 billion as expected today, as Canada moved to cancel the controversial digital services tax on Sunday, just one day before the first payment was due.
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Leaning Left51Leaning Right29Center82Last UpdatedBias Distribution51% Center
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C 51%
R 18%
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