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Canada rescinds digital services tax to advance US trade talks: BBG
*CANADA RESCINDS DIGITAL SERVICES TAX TO ADVANCE US TRADE TALKS: BBG
— DB News TradFi (@DBNewswire) June 30, 2025
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CANADA'S CARNEY AND PRESIDENT TRUMP AGREED THAT PARTIES WILL RESUME NEGOTIATIONS WITH A VIEW TOWARDS AGREEING ON A DEAL BY JULY 21, 2025 - STATEMENT
— First Squawk (@FirstSquawk) June 30, 2025
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Canada rescinds digital services tax to advance broader trade negotiations with the United States
Canada’s new government is engaged in complex negotiations on a new economic and security partnership with the United States, focused on getting the best deal for Canadian workers and businesses. Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer, to achieve that deal. To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with ... (full story)
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