Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Chrystia Freeland said.
Yup. Do it. Who gives a fuck what the US thinks about it. Get us that dental, baby!
Of course the US doesn’t like it. Their country is getting all the benefit of US corporations basically running the internet without contributing to the societies they are leaching money from.
Good fucking shit. US megacaps are not going to pull out of the Canadian market, but this helps Canadian companies compete within Canada.
3% is a good start but…
3% is a good start but…
You know they are gonna list the DST on the game purchase as well right? I don’t know the qualification for this or is there a cut off in revenue generated in Canada. But service tax, like sales tax, either by subscription or contractual(like cloud service, digital platform, etc) there are no Canadian owned version(that’s big and stable enough), so you ended up need to buy those and they can just slap that 3% on the price tag.
It’s not a sales tax, it’s a tax on big tech revenue earned in Canada. You won’t be paying 3% extra on subscriptions, games, etc
Yes you will. All costs are passed down to the consumer. Including taxes.
If big tech companies could get away with charging you more they’d be doing it already. These are tech monopolies and taxing them is a good thing.
Also, it’s a tax on revenue not sales anyway.
They have been increasing prices. They have also removed basic services and account sharing.
It’s not taxed on net income, but gross revenue. Semantically, it’s a “revenue” tax with the same effect as a sales tax. They collect $100 and get to keep $3. I appreciate the wishful thinking, but it will passed on to customers.
The Canadian solution to every problem is always “more tax”.
Wtf is that caption image lol
It’s Deupty PM Freeland going over to tell US Big Tech who’s the boss.
Where’s that attitude with Big Grocery stores or Big Oil?
You see those are our oligarchs
