Latest news with #techTax
News.com.au
03-07-2025
- Business
- News.com.au
Labor ‘determined' to enforce media rules on tech giants despite tariff risk
The Albanese government is 'determined' to enforce rules compelling tech firms to pay Australian media for content consumed on their platforms despite concerns of backlash from the White House. Canada this week axed a digital services tax that would have slugged the likes of Meta and Google with billions in duties, clearing the way to restart trade talks with the US. Australia's media bargaining code affects US tech titans more because they own most major digital platforms – a similarity with Canada's case. Against a backdrop of US tariffs slapped on Australian products, Foreign Minister Penny Wong said on Thursday (AEST) Labor had no intention of changing the code. 'We're determined to continue with this policy framework,' she told Sky News from Washington. 'This is not a revenue-raising exercise. 'It really does go to enabling content for consumers and ensuring that journalists and content creators have appropriate remuneration, and that is an important thing for any democracy but also paying the fair share of tax.' Pressed on the challenge of taxing multinationals, Senator Wong vowed to 'take an approach on taxation that we believe is in our national interests'. 'Obviously, there are always people with different views,' she said. 'We believe in a reasonable tax system, and that's what we'll continue to implement.' Senator Wong was in Washington this week for a summit with her Quad counterparts. She had a one-on-one with US State Secretary Marco Rubio, with both spruiking the strength of the Australia-US relationship. But Senator Wong was hard-pressed to name any tangible outcomes from the talks.
Yahoo
01-07-2025
- Business
- Yahoo
AP Top Financial News at 12:42 a.m. EDT
Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax Sign in to access your portfolio
Bloomberg
30-06-2025
- Automotive
- Bloomberg
Canada Drops Digital Tax to Restart Trade Talks With US
Good morning. Canada drops its tech tax to restart trade talks with the US. Donald Trump's tax bill faces Senate vote. And Apple's F1 film tops the weekend box office. Listen to the day's top stories. Canada scrapped its digital services tax on tech firms such as Meta and Alphabet to revive trade negotiations with the US following Donald Trump's threat to walk away. The president is also turning up the heat on other countries, floating the idea of keeping 25% tariffs on Japan's cars as talks continue.
Yahoo
30-06-2025
- Business
- Yahoo
AP Top Financial News at 1:33 a.m. EDT
Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-06-2025
- Business
- Bloomberg
Canada Drops Digital Services Tax to Restart US Trade Talks
Good morning. Canada drops a tech tax to restart US trade talks. France believes the EU can clinch a deal with Washington by the July deadline. And robots play messy not Messi football. Listen to the day's top stories. Canada withdrew its digital services tax targeted at tech companies including Meta and Alphabet in a move to restart trade talks with the US. France is confident the EU can clinch some form of a trade deal with Washington before a July 9 deadline. And UK car manufacturers can export to the US under a 10% tariff starting today, a reduction from the 25% rate on other countries.
