Kathmandu. Canada has withdrawn its plans to impose digital taxes on U.S. tech companies. The U.S. and Canada will resume trade talks.
“Prime Minister Mark Carney and U.S. President Donald Trump have now agreed to resume talks on the issue,” canada’s finance ministry said in a statement. ’
Earlier on Friday, President Trump accused Canada of preparing to impose tariffs on big American tech companies. That’s why the U.S. is stopping trade talks.
It is worth noting that trade tensions between the two countries increased earlier this year and each other’s goods were taxed. “The digital services tax was proposed because many large tech companies do not pay taxes on income earned in Canada,” the Canadian government said in a statement. Canada’s priority has always been an international agreement. So that the different tax structure of each country can be abolished. ’
Canada is working with other international partners, including the United States, to create a common digital tax framework. – Agency
