White House expects more countries will drop digital services taxes after Canada backs down
51d ago
Business
CNBC
The White House anticipates a further decline in digital services taxes (DSTs) globally following Canada's recent decision to step back from implementing them. Kevin Hassett's statement arrives shortly before the U.S. government's deadline for potentially reinstating significant tariffs. These tariffs were initially threatened in response to various countries imposing DSTs, which the U.S. views as discriminatory towards American tech companies. The expectation is that other nations may reconsider their DST policies to avoid similar trade disputes with the United States.