Canada plans to introduce a 3% digital services tax (DST) on big tech companies like Google and Facebook. This tax is designed to ensure that these firms pay a fair share of taxes on the billions they earn from Canadian users.
However, the United States sees this as a discriminatory move against American companies. Former President Trump and trade officials have threatened tariffs and stalled trade talks in response.
In simple terms, this tax has turned into a significant trade dispute between Canada and the US.
Published by WSN 024