Canada to start taxing tech giants in 2024 despite U.S. complaints
Canada will start applying a proposed tax on the world’s biggest technology companies this year, despite threats from American lawmakers to carry out trade reprisals against a levy that will primarily hit U.S. firms.
The strongest way for the US to retaliate would be to also tax these money-sucking, society-ruining, shithead companies. You know, just like every other "person".
Since we won’t tax them reasonably, I’m glad someone is. Good for Canada and those seven other countries.
The rest of the budget kind of sucks but this part makes sense. If you're making significant profits off of users in a country you should have to pay some of that back. All countries should have this.
Corporate taxes should be linked to the number of full time annually retained employees making at least the federal minimum wage with full benefits. Employ tens of thousands of people for years on end? Sure, you can have a tax break.
The government points out in the budget that at least seven other countries, including the U.K., France, Italy and Spain, already have similar taxes in place.
Come on, they've already listed four, why not mention the remaining three?
