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Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

trixare4kids

trixare4kids

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Some might conclude this was a very wise move on Canada's part to cave to Trump. Know Trump will see it as a win for the U.S.
The Wall Street Journal


Canada’s finance department was set to collect billions of dollars from U.S. tech companies starting on Monday, when payments were due under a digital-services tax that Canada’s Liberal government implemented last year, under former Prime Minister Justin Trudeau.
On Sunday, the government announced it would pause collections and introduce legislation in Parliament to rescind the tax, “in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.”

Canadian Prime Minister Mark Carney spoke with Trump on Sunday, said a spokeswoman for the prime minister’s office. The two leaders decided to move forward with trade discussions with a goal of reaching agreement by July 21.

The White House didn’t immediately respond for comment.
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Canada and USA both have a team of negotiators trying to hammer out an agreement. You can't just throw in a massive digital service tax without killing all the progress made so far.
 
trixare4kids said:
Some might conclude this was a very wise move on Canada's part to cave to Trump. Know Trump will see it as a win for the U.S.
The Wall Street Journal
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I conclude that was a very wise move on Canada’s part to cave to Trump. Yes, Trump will see it is a win for the U.S.
Some wise Americans will agree with both statements ⬆️. imho. Thanks for the thread & the link.
 
dmpi said:
Canada and USA both have a team of negotiators trying to hammer out an agreement. You can't just throw in a massive digital service tax without killing all the progress made so far.
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I'm glad Trump brought down the hammer to make the Canadian government come to their senses and suspend many US Tech firms' tax. Looking out for the country is his responsibility.
Carney seems like he knows what is at stake for Canada if they don't negotiate some new trade deals.
They have a lot more to lose in the possible trade talks than we do. Good that they see it Trump's way as far as dropping the tax goes.
 
trixare4kids said:
I'm glad Trump brought down the hammer to make the Canadian government come to their senses and suspend many US Tech firms' tax. Looking out for the country is his responsibility.
Carney seems like he knows what is at stake for Canada if they don't negotiate some new trade deals.
They have a lot more to lose in the possible trade talks than we do. Good that they see it Trump's way as far as dropping the tax goes.
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You have lost your mind.
 
CharisRose said:
I conclude that was a very wise move on Canada’s part to cave to Trump. Yes, Trump will see it is a win for the U.S.
Some wise Americans will agree with both statements ⬆️. imho. Thanks for the thread & the link.
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Trump saved tech/digital companies about 3 billion in retroactive taxes from 2022.
 
trixare4kids said:
Trump saved tech companies about 3 billion in retroactive taxes from 2022.
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That's more than just chump change. And Trump pulled it off by just being in the process of negotiations, not actually yet reaching an agreement. It's like James Bond who's reputation precedes him.
 
dmpi said:
That's more than just chump change. And Trump pulled it off by just being in the process of negotiations, not actually yet reaching an agreement. It's like James Bond who's reputation precedes him.
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Yep. To think it only took Canada two days to bend the knee to daddy. ;)
 
trixare4kids said:
Trump saved tech/digital companies about 3 billion in retroactive taxes from 2022.
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that's 3 billion from our high tech companies that Canada could not tax/ Trump played it perfectly . He shut down trade negotiations to do it.
It was a grab on Canada's part -same with the EU
 
Trump will blow the deal.
 
Canada caved again. Called it in the other threads.

No idea why they taco on all their trade negotiations... it's not a good long terms plan.
 
The Canadian capitulation continues. The US tech industry wields more power than locally and globally than the nation of Canada.

There are no Canadian cell phones and computers.
 
tharock220 said:
The Canadian capitulation continues. The US tech industry wields more power than locally and globally than the nation of Canada.

There are no Canadian cell phones and computers.
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About the same number of American cell phones and computers LOL
 
Taylor said:
Why did you think it was unimportant?
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Conservatives were telling us when it was booming it wasn't important to working Americans. When trump tanked the market repeatedly we were told again it's not important to average Americans. Now any blip of good news brings you folks running to the mountain tops to let us know Trump managed to eke back some of the value he lost over the last 6 months! wheeeeeee!
 
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