The digital services tax, enacted last year, would have seen US technology giants such as Amazon on the hook for a multibillion-dollar payment in Canada by Monday, analysts have said.
The tax had been forecast to bring in 5.9 billion Canadian dollars ($4.2 billion) over five years.
“Digital services taxes are discriminatory, stifle innovation, and harm consumers, and we appreciate the US government’s work to address DSTs around the world,“ he said.
The goal is to force them to pay taxes where they carry out business as well as to counter the strategies they often use to reduce their tax bills.
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