Canada rescinds digital services tax to restart negotiations with US

WASHINGTON, June 30 (KUNA) -- Canada will rescind a digital services tax -- a way of taxing online companies, its government said on late Sunday, in a bid to restart trade negotiations with the United States.
In a statement Sunday evening, cited by CNN, the Canadian government said it was stepping back from the tax to help bring the countries back to the table.
"To support those negotiations, the Minister of Finance and National Revenue, the Honourable Francois-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States," according to the statement.
"Consistent with this action, Prime Minister (Mark) Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025." US President Donald Trump on Friday canceled trade talks between the two countries, blaming the tax that he called "a direct and blatant attack on our Country." Last Monday, Carney said that he and Trump had agreed to sign a new economic and security deal within 30 days. (end) amm.gta