Canada's Digital Services Tax Stays in Place Despite G-7 Deal
Canada is proceeding with its digital services tax on technology companies such as Meta Platforms Inc. despite a Group of Seven agreement that resulted in removing the Section 899 'revenge tax' proposal from US President Donald Trump's tax bill.
The first payment for Canada's digital tax is still due Monday, the country's Finance Department confirmed, and covers revenue retroactively to 2022. The tax is 3% of the digital services revenue a firm makes from Canadian users above C$20 million ($14.6 million) in a calendar year.
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