Canada’s Big Tech tax to bring in $7.2 billion: PBO ...Middle East

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Article content OTTAWA — Canada’s promised digital services tax targeting the world’s biggest tech and social media giants will bring in double the amount of revenue as previously estimated, according to the Parliamentary Budget Officer. In a report released Tuesday morning, the PBO said the tax would “increase federal government revenues” by $7.2 billion over five years. Previous estimates put that number at $3.4 billion over five years. Article content The U.S. has warned of retaliation if Canada goes ahead with the digital services tax before an OECD deal is in place. But it’s unclear whether that stance will change now that the United States confirmed Monday it will itself miss the O

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Last updated : 17 October 2023 clock 08:40 PM

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