The Canadian government announced on Sunday to cancel a tax targeting the tech giants in the hope of reaching a trade agreement with the United States, two days after the discussion decided by Donald Trump.
Canadian Minister François-Philippe Champagne has announced that Canada would cancel the digital services tax (TSN), said a government statement, which specifies that the resumption of negotiations must lead to a trade agreement with the United States by July 21.
Donald Trump announced on Friday ending commercial negotiations with his Canadian neighbor, judging that the Ottawa tax targeting digital giants was a “direct and obvious” brought to the United States.
The American president had justified the cessation of discussions with Canada through the entry into force of this tax on June 30.
Giants accused of escaping tax
The TSN was to target tech giants that generate annual global turnover greater than $ 1.1 billion Canadian and which earn annual revenues in Canada over 20 million Canadian dollars.
She notably aimed at the American digital giants Google, Apple, Meta (Facebook), Amazon or Microsoft. They are accused of taking advantage of the intangible nature of their activity to escape tax.
AFP/Ther
