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June 30, 2025

Canada Scraps Tax on Big Tech Companies After Trump Threatens Tariff Increase
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Canada's government scrapped a 3% tax on technology companies' revenue
on Sunday, mere hours before it was due to take effect. The reversal
came after President Trump said Friday he would pause U.S.-Canada trade
talks and would set a new tariff rate on Canadian goods within the next
week. Canada's digital services tax would have raised billions of
dollars of revenue annually from U.S. tech giants like Amazon, Meta and
Apple. 


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