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Canada to forge ahead with tax on tech giants https://t.co/ReE2RoC46i https://t.co/BUYBovBdno
Canada will start applying a proposed tax on the world’s biggest technology companies this year, per Bloomberg.
Canada will start applying a proposed tax on the world’s biggest technology companies this year, despite threats from American lawmakers to carry out trade reprisals against a levy that will primarily hit US firms https://t.co/4jn87rDhRJ
Canada is set to implement a digital services tax targeting major global technology companies starting in 2024. The tax is expected to generate approximately CA$5.9 billion over five years, beginning in fiscal year 2024-2025. This move has provoked threats of trade reprisals from American lawmakers, as the tax will predominantly affect U.S. firms.
