Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
165d ago
Business
CNBC

Canada has reversed its decision to implement a Digital Services Tax (DST) following President Donald Trump's announcement that the U.S. is ending all trade negotiations with Canada. The Canadian government cited the need to maintain stable economic relations with its largest trading partner as the primary reason for withdrawing the tax, which was aimed at taxing revenue from large multinational tech companies. The abrupt halt in trade talks, announced by Trump over the weekend, appears to have forced Canada's hand in reconsidering the DST to avoid further economic repercussions.