Canada to Start Collecting Digital Tax from U.S. Tech Giants
Reading now: 864
hollywoodreporter.comCanada is set to start collecting a new 3 percent "digital services tax" on foreign tech platforms like Netflix, Amazon Prime and Spotify from Jan.
2, 2022. On Monday, the federal government said it expects to raise around $2.72 billion in revenue from the new levy over five years, beginning in 2021-22, or around $544 million annually. "The government is committed to ensuring that corporations in all sectors, including digital corporations, pay their fair share of tax on the money they earn by doing business in Canada," the Canadian government said as it released its latest federal budget.
Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
