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Canada rescinds Digital Services Tax
- Thread starter Canuckster
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- Dec 3, 2006
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RocksInMyHead
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RocksInMyHead
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Because it was a really unnecessary tax that Canada was placing on American businesses.
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RocksInMyHead
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Why should you care if Canada places a tax on Amazon or Microsoft? Seriously.
And how is that different from the tariffs that the US has placed on every other country on the planet?
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GoldenBoy89
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Lol I heard y’all were nice but this is just embarrassing. Even Melanie puts up more of a fight than this.
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GoldenBoy89
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I’m sure Jeff Bezos and his multi-trillion dollar company thank you for saving them a little bit of money from those evil greedy Canadians.
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The tariffs were used to address the huge trade deficits America has with other countries because of the unfair trade practices going on between them and the USA.
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RocksInMyHead
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Canada runs a ~$30 billion deficit in services in its trade with the US. Perhaps they were trying to address that?
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Perhaps. However, the USA has an overall trade deficit of more than $30 billion dollars with Canada.
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I've seen various pros/cons arguments about these types of digital services taxes. Domestically, I think one could make a strong argument for it. For example, if a Canadian owned a massive tech platform, and was making mega profits off of showing ads to someone in another country, and was side-stepping Canadian taxation through various loopholes, then Canada imposing a DST on a Canadian-owned company makes some sense as a way to counteract loopholes if that's the country's mentality on taxation.
However, internationally speaking, my feelings are different on that.
While I can certainly see why Canadians would like these these sorts of things -- it's revenue for them without any of their own people having to actually create anything or increasing taxes on their own citizens...
It has some resemblances to the efforts from a few years back about mandatory royalties for Canadian news pieces that show up on US social media platforms. (The Aussies tried that too)
Basically, tapping into US tech companies as a mostly hands-off revenue stream from their vantage point, in ways that are certainly not "hands-off" for the US tech companies themselves.
If you put yourself in the shoes of someone who runs a web company that's not in Canada, now not only do you have a to kick a portion of your earnings up to the great white north simply by virtue of the fact that Canadians can reach your website, you now have to hire people to deal with the compliance, record keeping, and regulatory aspects. So it's a double whammy.
And, Canada being Canada, I'm sure that regulatory framework would not be uncomplicated. As my one of my Canadian family members jokingly says "Here in Canada, you have to register to take a poop and then apply for permit to wipe afterwards" (PG version)
I'm not a fan of the setting the precedent of "Other countries that are looking to shore up their budgets can just tap into US tech firms as a passive revenue stream"
Even just on principle, the notion of "Now I've got to hire $750k worth of new compliance staff so that they can figure out how much of a kickback I need to send to another country for revenues on something that they had no hand in actually creating" just doesn't sit well.
However, internationally speaking, my feelings are different on that.
While I can certainly see why Canadians would like these these sorts of things -- it's revenue for them without any of their own people having to actually create anything or increasing taxes on their own citizens...
It has some resemblances to the efforts from a few years back about mandatory royalties for Canadian news pieces that show up on US social media platforms. (The Aussies tried that too)
Basically, tapping into US tech companies as a mostly hands-off revenue stream from their vantage point, in ways that are certainly not "hands-off" for the US tech companies themselves.
If you put yourself in the shoes of someone who runs a web company that's not in Canada, now not only do you have a to kick a portion of your earnings up to the great white north simply by virtue of the fact that Canadians can reach your website, you now have to hire people to deal with the compliance, record keeping, and regulatory aspects. So it's a double whammy.
And, Canada being Canada, I'm sure that regulatory framework would not be uncomplicated. As my one of my Canadian family members jokingly says "Here in Canada, you have to register to take a poop and then apply for permit to wipe afterwards" (PG version)
I'm not a fan of the setting the precedent of "Other countries that are looking to shore up their budgets can just tap into US tech firms as a passive revenue stream"
Even just on principle, the notion of "Now I've got to hire $750k worth of new compliance staff so that they can figure out how much of a kickback I need to send to another country for revenues on something that they had no hand in actually creating" just doesn't sit well.
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