Just weeks after Canada inked a big-league defense and trade pact with the European Union, signaling its intent to diversify away from Uncle Sam’s grip, it’s now done a full 180 on a homegrown policy. In a political play hotter than a midsumme...
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Why Canada Pulled the Plug on Digital Services Tax
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Subscribe01 JUL 2025 / ACCOUNTING & TAXES
Canada axed its Digital Services Tax (DST) meant to get revenue from tech giants like Meta and Amazon shortly before it was scheduled to go into effect, aiming to keep vital trade negotiations with the U.S. on track. The move, which followed threats of tariffs from former U.S. President Donald Trump, raises questions on digital tax policy sovereignty and the balance of power in international trade relationships.
Just weeks after Canada inked a big-league defense and trade pact with the European Union, signaling its intent to diversify away from Uncle Sam’s grip, it’s now done a full 180 on a homegrown policy. In a political play hotter than a midsumme...
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