Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Canada U-turn on US tech taxes leaves Europe in the lurch – Times of India – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > World News > Canada U-turn on US tech taxes leaves Europe in the lurch – Times of India – Delhi News Daily
World News

Canada U-turn on US tech taxes leaves Europe in the lurch – Times of India – Delhi News Daily

delhinewsdaily
Last updated: July 1, 2025 2:26 am
delhinewsdaily
Share
SHARE


Canada U-turn on US tech taxes leaves Europe in the lurch

Canada dropping tax on US tech giants under pressure from US President Donald Trump is fuelling concern about the future of such levies in other countries, particularly in Europe. The first payment for Canada’s Digital Services Tax (DST) was supposed to be due Monday. The tax, which was passed into law last year by the Trudeau govt, was meant to charge 3% of the digital services revenue a firm makes from Canadian users above $14.6 million in a calendar year. After Trump on Friday said he was ending all trade discussions with Canada, its finance minister Francois-Philippe Champagne said in a social media post late Sunday: “Rescinding the DST will allow the negotiations to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians.”Currently, about half of all European OECD countries have either announced, proposed, or implemented a digital services tax pending global action, said the Tax Foundation, a think tank which supports the introduction of such taxes. But the future of such measures is unclear after the Group of Seven nations agreed Saturday to exempt US multinational companies from a global minimum tax imposed by other countries. The US and fellow G7 nations signed off on an agreement aimed at averting a global tax war, by creating a “side-by-side” system that would exempt US companies from some elements of an existing global agreement.Reacting to the developments, Nobel winning economist Joseph Stiglitz said: “This is about more than trade – it’s about whether democratically elected govts can regulate and tax powerful corporations or whether tech billionaires can dictate policy through political proxies.”





Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article BBC ‘regrets’ not pulling Glastonbury live stream after anti-Israel remarks – Times of India – Delhi News Daily
Next Article ‘The America Party’: Elon Musk warns lawmakers against Donald Trump’s ‘Big, Beautiful Bill’; says alternative needed if ‘insane spending bill’ passes – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Why UAE cares so much about dates: From AED 8 million festival prizes to Golden Visas for date farmers | World News – Times of India – Delhi News Daily
  • ‘Calling people Nazi for thinking Sydney Sweeney is beautiful’: JD Vance reacts to American Eagle’s jeans row – Times of India – Delhi News Daily
  • ITC Q1 Results: Cons PAT rises 3% YoY to Rs 5,244 crore, revenue jumps 19% – Delhi News Daily
  • ‘Dangerous Game’: Rijiju Responds To Rahul Gandhi’s ‘Atom Bomb’ Attack On ECI – Delhi News Daily
  • New Rogue Planet Discovered in Hubble Data Using Einstein’s Gravity Theory – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

World News

Trump’s Ukraine pivot: How Putin played US President – and won – Times of India – Delhi News Daily

AI image for representation only. For years, US President Donald Trump promised that he alone could end the devastating war…

14 Min Read
World News

New Jersey flood warning: State emergency imposed across 21 counties; landslides, rock slides expected – Times of India – Delhi News Daily

A state of emergency was declared across all 21 counties in New Jersey on Thursday afternoon as severe storms threatened…

4 Min Read
World News

Colorado firebomb attack: Biden-appointed judge blocks deportation of suspect’s family, says this expulsion would cause ‘irreparable harm’ – Times of India – Delhi News Daily

This image provided by the Boulder Police Dept. shows Mohamed Sabry Soliman. (Boulder Police Dept. via AP) A Biden administration-appointed…

5 Min Read
World News

“World-class care, at home”: Kuwait seals landmark collaboration with five elite French hospitals in Paris | World News – Times of India – Delhi News Daily

Kuwait’s signs MoUs in Paris with elite French hospitals to boost training, diagnostics, and patient access to top-tier medical care/Representative…

9 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?