The United States could target digital trade if it decides on retaliatory measures against a proposed Canadian digital services tax, U.S. ambassador to Canada David Cohen said.
The Liberal government confirmed this week it plans to go ahead with the tax targeting Big Tech in 2024, despite 138 other countries and jurisdictions agreeing last week to delay similar measures.
Cohen said Tai’s “statement was direct and clear and strong that if Canada decides to proceed alone, you leave the United States with no choice but to take retaliatory measures in the trade context, potentially in the digital trade context, in order to respond to that.”
The Canadian tax, estimated to bring in $3.4 billion over five years, is aimed at large companies that operate online marketplaces, social media platforms and earn revenue from online advertising. This includes Amazon, Google, Facebook, Uber and Airbnb. The Liberal government first promised the tax in the 2021 budget. It would be retroactive to 2022, meaning the companies would be on the hook for more than $1 billion once it comes into effect.
I look forward to the zero tech decade to come. If I live that much longer.
Is it a wonder that this INTERNET is on borrowed time right now?
Along with the infrastructure that our politicians believe is by magic…
I can’t imagine having to pay a tax retroactively.
What if the above listed companies say, “we’re not paying this” and simply opt out of the tiny Canadian market?
What if Canadians were polled and found to not support any new and additional taxes?
Does anyone with the #Libranos actually think?
Not to be offensive marc, but do you really think that any Liberal government has cared about what the population thinks, ever? If they did, we wouldn’t be in this predicament.
The Canadian market isn’t large compared to the US, but it’s not “tiny” either. Canada has a population similar to that of California, and a standard of living on par with Alabama or Mississippi (at least for now, until we sink below even those poorest US states). Still, we’ll be a significant market for a while.
Probably, quite a few US companies can retaliate on their own. The huge majority of Canadians glued to their cell phones will take notice then.
Does nobody else think this is deliberate to isolate us from unacceptable news and information to conform to the WEF global dominance plans? Next is a WHO takeover, supported by the UN, then introduction of digital ID and CBDC’s. All orchestrated by the elite scum that are the WEF! Even China is on board, the only outlier seems to be Russia, which all the Western governments seem to be attacking. Once they get rid of Putin and get Russia into the fold, the global agenda will be complete, and we all will be peasants in the new world techno feudal order. Assuming of course that they do allow us to continue to live within that new utopia!
I’m kinda glad I won’t be around much longer to witness this new slavery model unfold!