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Trump has planned tariffs on digital service taxes on Canada, France




Washington:

President Donald Trump said on Thursday that he planned to impose tariffs on Canada and France on American technology giants on his digital service taxes, which had been a long -time hurdle.

Canada, Google Parents are demanding to address the challenge of imposing taxes on digital veterans like Alphabet and Amazon.com, which can reduce and book their profits in countries, taxed in June last year.

Trump on Thursday worked with a plan to put his economics team to impose mutual tariffs on every country, which extended duties on American imports.

The White House Fact Sheet, saying that “only the US should be allowed to impose tax on American firms,” ​​Canada and France complained that digital service taxes to collect more than $ 500 million per year from American companies. Used.

“Overall, the cost of these non-obtained by the firms of the US costs more than $ 2 billion per year. Erotic tariffs will bring back fairness and prosperity to the distorted international business system and prevent Americans from benefiting,” Said. It did not give any further details.

Last year, under the previous biden administration, Washington requested a business dispute settlement consultation with Canada on tax, called it discriminatory.

Canadian Prime Minister Justin Trudeau’s office was not immediately available for comment.

(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)




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