Canada rescinds tax hitting US tech firms: Government

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Canadian finance minister Francois-Philippe Champagne “announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States,” a government statement said.

Image for Canada rescinds tax hitting US tech firms: GovernmentAP
Canada said Sunday it will rescind taxes impacting US tech firms in hopes of reaching a trade agreement with Washington, after US President Donald Trump called off talks with Ottawa in retaliation for the levy.

Canadian finance minister Francois-Philippe Champagne “announced today that Canada…



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Canada rescinds tax hitting US tech firms: Government


Synopsis

Canadian finance minister Francois-Philippe Champagne “announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States,” a government statement said.

Image for Canada rescinds tax hitting US tech firms: GovernmentAP
Canada said Sunday it will rescind taxes impacting US tech firms in hopes of reaching a trade agreement with Washington, after US President Donald Trump called off talks with Ottawa in retaliation for the levy.

Canadian finance minister Francois-Philippe Champagne “announced today that Canada…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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