Canada pulls back from plans to impose digital tax on US tech companies

Ashad 16, 2082

Kantipur Reporter

Canada pulls back from plans to impose digital tax on US tech companies

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Canada has withdrawn plans to impose tariffs against American tech companies. Now it is said that the talks between Canada and America will start again regarding the trade.

A statement released by Canada's Ministry of Finance said, "Prime Minister Marky Carney and US President Donald Trump have agreed to talk again on this issue."

At the beginning of this year, the trade tension between the two countries increased. And taxed each other's products . A statement from the Government of Canada said, "The Digital Services Tax is proposed because many large tech companies do not pay tax on their earnings in Canada." Canada's priority has always been international agreements. So that each country's separate tax scope can be ended . According to the

statement, Canada and America are working together with other international partners to prepare a common digital tax framework. 

Kantipur

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