Canada’s digital services tax is in Donald Trump’s crosshairs.
The U.S. president signed a presidential memorandum Thursday afternoon calling for a “fair and reciprocal” trading plan, and one of his targets is Canada’s digital services tax.
“Though America has no such thing, and only America should be allowed to tax American firms, trading partners hand American companies a bill for something called a digital service tax,” a White House fact sheet on Trump’s memorandum said, adding that France and Canada collect $500 million (U.S.) a year in DST from American firms. The memo gives U.S. trade officials 180 days to study trade and come up with a plan for reciprocal tariffs.
