Canada cancels digital services tax on U.S. tech companies as a concession for trade agreements

Breaking News: Canada has canceled its digital services tax on American technology companies, which former President Trump called a "direct and blatant" attack. - The Financial Times reported today (June 30)

[Witty] Comments: The Canadian government announced the cancellation of the tax on American technology companies in an effort to reach a trade agreement with the Trump administration. Mr. Li, my neighbor, said, "The Canadian Liberal government is like a quarreling wife; when the husband threatens to end the relationship, she immediately panics." Indeed, initially, Canadian Prime Minister Trudeau stated he would take a tough stance, but after Trump threatened to halt the US-Canada trade negotiations, Canada yielded within three days.

Original article: https://www.toutiao.com/article/1836330465191944/

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