LILLEY: Carney puts Canadian jobs at risk over foolish tax idea
Mark Carney has decided to put Canadian auto jobs, manufacturing jobs, and the whole steel and aluminum industry at risk over a yet-to-be implement tax. It’s a foolish move for the Liberals from both an economic point of view and from a negotiation standpoint.
On Friday, Donald Trump announced that trade talks with Canada, the ones to try and ease the tariffs, were off. The reason, Carney’s insistence on pushing ahead with a Digital Services Tax that comes into effect next week.
Industry told the Liberals to scrap the DST.
Premiers asked them to drop it.
The Biden admin started a pending trade dispute with us.
The Liberals kept this tax.
Now Trump has cancelled all trade talks with us.
We are killing other industries over this dumb tax. It must go. pic.twitter.com/24OyzROh8g
It will require big tech companies like Apple, Uber, Amazon and others to pay 3% of their revenue from Canada — that’s revenue, not profit — to the Canadian government. It also comes with a retroactive payment of roughly $3 billion for the American tech companies to cover the period going back to 2022.
The bill imposing this........
© Edmonton Sun
