Canada Abandons Digital Services Tax on US Tech Firms After Trump Criticism

Canada Scraps Digital Services Tax on US Tech Giants

In a significant policy shift, Canada has decided to abandon its plans for a digital services tax (DST) aimed at major US technology companies.

This decision follows closely after criticism from former US President Donald Trump, who labeled the proposed tax as 'foolish'.

The move is likely to ease concerns about potential trade friction between Canada and the United States, as the DST had been a contentious issue.

Key Takeaways

• Canada withdraws the DST
• Decision made after Trump's criticism
• Potential for improved US-Canada trade relations