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Canada's Digital Policy Undermines Trade Relations with the US /
npub14qs…tled
2024-07-04 21:56:38

Canada's Digital Policy Undermines Trade Relations with the US on Nostr: Canada's Finance Minister Optimistic for Resolution in Digital Sales Tax Dispute with ...

Canada's Finance Minister Optimistic for Resolution in Digital Sales Tax Dispute with the U.S.
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#3c305cee ver:0.1

Canada's Finance Minister is optimistic about resolving the digital sales tax dispute with the U.S. The tax aims to ensure foreign tech giants pay taxes in Canada, but the U.S. argues it violates trade pact terms. Canada is engaged in talks to avoid retaliation and achieve a win-win outcome. However, concerns arise about strain on trade relations and potential U.S. retaliation. The tax could cost U.S. digital exporters billions and lead to job losses. Canada's actions are seen as out of step with the strong bilateral relationship. The tax is expected to increase costs for consumers, but could generate $7.2 billion in federal tax revenue. #DigitalSalesTax #TradeDispute #CanadaUSRelations...

#newstr #Canada #UnitedStates #DigitalSalesTax #TradeRelations

https://here.news/story/3c305cee?ver=0.1
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