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Canada has abolished the tax on digital services that targeted American technological companies, in an effort to trade negotiations with their neighbor after President Donald Trump described the attack “direct and blensant” attack “.
The decision on tax withdrawal, 3 percent of income collection for the largest technological companies, came for hours before entering the 30th. June.
“Routeing digital services will provide negotiations on the United States from vital progress and strengthen their work and build prosperity for all Canadians,” he said in a weekly announcement in a statement in a weekly announcement.
Prime Minister Mark Carney said that the tax “support the continuation of negotiations on the weather line 21. July”, which was declared this monthly Summit of the G7 Leaders in Cananaskis, Alberta.
Carney and Trump agreed to continue negotiations, a statement said. Trump said Friday The United States “broke up” trade talks In addition to Canada in retaliators against technological companies, the above war in North America, after a few months of detent.
Trump reblogged this from Fox Sunday News on Sunday. “Daily time while giving up certain taxes, yes,” he said. “People don’t understand, Canada is very nasty to deal with.”
In December 2023. the Office for the Parliament Budget in Canada, the DST would assess the revenues of the Federal Government of 7.2 billion (5.3 billion) for five years.
Tax, first published in 2020 years, targeted companies such as target, netflix and amazon as well as local companies. Those who were affected had to file back to the end of June or face a fine.
Although the tax was one of Trump’s main appeals, it was also unpopular with some Canadian business groups.
“For many years, we have warned that the application of unilateral taxes of digital services could risk undermining the Canadian economic connection with (US),” said Goldi Hider, the president of the Business Council of Canada.
Trump’s unnumbered hostility towards his northern neighbor – with repeated threats to Annex Canada and the imposition of tariffs contradicts a free trade agreement – they dominated the Carney’s Liberal Party to escape.
Carney promised to oppose Trump and last week, Minister of Finance said that Ottawa would press the front with tax.
Carney also this month announced A huge increase in consumption of Canada, allowing him to fulfill the goal of NATO from at least 2 percent of GDP annually, instead of 2030. This followed a criticism from Trump that the other NATO members do not drag their weight.
Canada has an annual trade relationship with the United States worth 1.3 TN and sells most of its products and services in the United States.
Carney launched a reform cleaning to diversify the economy to relianceily reliantly on the US, including pressure to drop the internal trade barriers It prevented the flow of goods and services between Canada provinces.
