US considering options to counter Canada's 3% levy on foreign tech giants for Canadian user revenue.
The US is considering all available options to counter Canada's recently-approved 3% levy on foreign tech giants, which requires these companies to pay taxes on their revenue generated from Canadian users. Canadian-based digital companies are exempt from this new tax. The US Trade Representative's Office intends to take action in response to American business groups' demands.
July 02, 2024
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