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US tech giants saved billions with Canada backing off its digital services tax

Upworthy Tuesday, 1 July 2025 ()
Canada scraps digital services tax after trade threat from President Donald Trump. Kevin Lamarque/REUTERS Canada scrapped a digital services tax after a trade threat from President Donald Trump. The tax would have cost US tech firms billions each year and $3 billion in retroactive…
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Video Credit: Oneindia - Published
News video: EXPLAINED: What is Canada’s Digital Tax & Why it TRIGGERED Trump to KILL All Trade talks? |Trade War

EXPLAINED: What is Canada’s Digital Tax & Why it TRIGGERED Trump to KILL All Trade talks? |Trade War 03:37

 Explained! Why President Trump abruptly ended all trade talks with Canada. Trump called Canada's Digital Services Tax a “direct & blatant attack” on U.S. firms. The tax, retroactive to 2022, targets tech giants like Amazon, Meta, and Google, sparking fierce backlash. Trump also threatened new...

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