Tag #Digital Tax

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politico.eu

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Sep 19, 10:18

Germany Calls for Google Breakup Amid EU Antitrust Fine

German Culture Minister Wolfram Weimer urged Google's breakup, following the EU's €2.95 billion antitrust fine against the company for abusing its dominant position in the digital advertising market, citing concerns about its impact on media freedom and tax avoidance.

Germany Calls for Google Breakup Amid EU Antitrust Fine

German Culture Minister Wolfram Weimer urged Google's breakup, following the EU's €2.95 billion antitrust fine against the company for abusing its dominant position in the digital advertising market, citing concerns about its impact on media freedom and tax avoidance.

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What is the main reason behind Germany's call for Google's breakup?

Germany's call for Google's breakup stems from the EU's €2.95 billion antitrust fine against Google for anti-competitive practices in the digital advertising market. Minister Weimer also highlighted Google's influence on the media landscape, threatening freedom of expression, and its minimal tax contributions in Germany despite significant profits.

theglobeandmail.com

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Jul 3, 01:13

Canada Scraps Digital Services Tax Amidst U.S. Pressure, Exposing Flawed Digital Strategy

Facing U.S. trade sanctions, Canada cancelled its digital services tax, foregoing $7.2 billion in projected revenue over five years, exposing a pattern of ineffective digital policy marked by strong initial stances followed by concessions due to industry opposition.

Canada Scraps Digital Services Tax Amidst U.S. Pressure, Exposing Flawed Digital Strategy

Facing U.S. trade sanctions, Canada cancelled its digital services tax, foregoing $7.2 billion in projected revenue over five years, exposing a pattern of ineffective digital policy marked by strong initial stances followed by concessions due to industry opposition.

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How have previous Canadian digital policies, such as the Online News Act and online harms legislation, contributed to the current situation?

Canada's repeated failures in digital policy stem from a tendency to underestimate pushback from tech companies and foreign governments. The DST cancellation follows similar setbacks with internet streaming legislation, the Online News Act, and online harms legislation, all marked by initial strong stances followed by concessions or retreats due to industry opposition.

bbc.com

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Jun 30, 13:17

Canada Scraps US Tech Tax to Restart Trade Talks

Canada repealed a 3% digital services tax on US tech firms with over $20 million in Canadian revenue, hours before its implementation, to restart trade talks with the US after President Trump threatened higher tariffs on Canadian imports; the tax was estimated to cost tech giants over $2 billion ann...

Canada Scraps US Tech Tax to Restart Trade Talks

Canada repealed a 3% digital services tax on US tech firms with over $20 million in Canadian revenue, hours before its implementation, to restart trade talks with the US after President Trump threatened higher tariffs on Canadian imports; the tax was estimated to cost tech giants over $2 billion ann...

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How did the economic relationship between the US and Canada influence Canada's decision to repeal the DST?

Canada's decision to repeal the DST highlights the significant economic leverage the US holds over Canada, given that three-quarters of Canada's exports go to the US, totaling over $400 billion yearly. The repeal demonstrates Canada's prioritization of maintaining favorable trade relations with the US, even at the cost of potential tax revenue. This underscores the complexities of international taxation in the digital age and the political pressures involved.

bbc.com

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Jun 27, 22:15

Trump Ends Trade Talks With Canada Over Tech Tax

US President Donald Trump ended trade talks with Canada due to a new Canadian digital services tax on US tech companies, expected to cost American businesses over \$2 billion annually, escalating existing trade tensions between the two countries.

Trump Ends Trade Talks With Canada Over Tech Tax

US President Donald Trump ended trade talks with Canada due to a new Canadian digital services tax on US tech companies, expected to cost American businesses over \$2 billion annually, escalating existing trade tensions between the two countries.

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What is the immediate impact of President Trump's decision to end trade talks with Canada?

President Trump announced on social media that he is immediately ending trade talks with Canada due to Canada's new 3% digital services tax on tech companies, expected to cost American businesses over \$2 billion annually. This action follows earlier trade disputes, including US tariffs on Canadian goods and Canada's retaliatory tariffs.

zeit.de

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May 29, 13:12

Germany Plans 10% Digital Levy on Tech Giants

German Culture Minister Wolfram Weimer proposes a 10% digital levy on large online platforms like Google and Meta, using Austria's model as a precedent to increase their tax contribution to society and address concerns about monopolistic structures and American technological dominance, potentially c...

Germany Plans 10% Digital Levy on Tech Giants

German Culture Minister Wolfram Weimer proposes a 10% digital levy on large online platforms like Google and Meta, using Austria's model as a precedent to increase their tax contribution to society and address concerns about monopolistic structures and American technological dominance, potentially c...

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What are the immediate financial and competitive impacts of Germany's planned digital levy on major internet platforms?

German Culture Minister Wolfram Weimer plans a digital levy targeting large internet companies like Google and Meta, aiming for a 10% tax on revenue from platforms using media content. This follows Austria's 5% model, intended to increase societal contribution from these companies and foster competition.

elmundo.es

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Apr 17, 04:12

Mnuchin Criticizes Spain's Economic Policies Following Meeting with Spanish Economy Minister

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies, demanding increased military spending, and reiterating opposition to Spain's digital services tax; this contrasts with Mnuc...

Mnuchin Criticizes Spain's Economic Policies Following Meeting with Spanish Economy Minister

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies, demanding increased military spending, and reiterating opposition to Spain's digital services tax; this contrasts with Mnuc...

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What specific actions or demands did U.S. Treasury Secretary Steven Mnuchin make of the Spanish government following their meeting?

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies. He stated that the meeting involved "frank conversations" on trade, implying a lack of progress on trade disputes and suggesting that Spain remains subject to potential tariffs. He also urged Spain to increase military spending and reiterated U.S. opposition to Spain's digital services tax.

theglobeandmail.com

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Jul 6, 16:12

Canada Scraps Digital Tax, Faces Pressure on EV Mandates Amid U.S. Trade Tensions

Canada repealed its digital services tax and faces pressure to repeal zero-emission vehicle mandates amid ongoing trade disputes with the U.S., impacting potential revenue and environmental goals.

Canada Scraps Digital Tax, Faces Pressure on EV Mandates Amid U.S. Trade Tensions

Canada repealed its digital services tax and faces pressure to repeal zero-emission vehicle mandates amid ongoing trade disputes with the U.S., impacting potential revenue and environmental goals.

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What are the long-term implications of Canada's current trade strategies for its economic development, environmental policies, and international relations?

Canada's trade decisions suggest a prioritization of maintaining positive trade relations with the U.S. over domestic revenue generation and environmental regulations. This approach may lead to further concessions in future trade negotiations and potentially delay the adoption of climate change mitigation policies. The ongoing trade disputes could also exacerbate economic uncertainty and labor market volatility.

theguardian.com

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Jun 30, 22:16

Canada Scraps US\$7 Billion Tech Tax After Trump Trade Threat

Canada repealed a US\$7 billion digital services tax on US tech companies after President Trump threatened to end trade talks, prompting the immediate resumption of negotiations to address existing tariffs on Canadian goods.

Canada Scraps US\$7 Billion Tech Tax After Trump Trade Threat

Canada repealed a US\$7 billion digital services tax on US tech companies after President Trump threatened to end trade talks, prompting the immediate resumption of negotiations to address existing tariffs on Canadian goods.

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How did President Trump's actions influence Canada's decision, and what were the broader economic implications?

The repeal follows President Trump's assertion that the tax was a "direct and blatant attack" on the US. This action, taken after the G7 summit, highlights the significant leverage the US holds in trade negotiations with Canada, and the potential economic costs of challenging US interests. Resumption of trade talks aims to remove US tariffs on Canadian goods, demonstrating the economic impact of this tax dispute.

elpais.com

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Jun 27, 22:15

Trump Ends US-Canada Trade Talks Over Digital Tax

President Trump ended US-Canada trade negotiations on Friday due to Canada's planned digital services tax on American tech companies, threatening retaliatory tariffs within seven days.

Trump Ends US-Canada Trade Talks Over Digital Tax

President Trump ended US-Canada trade negotiations on Friday due to Canada's planned digital services tax on American tech companies, threatening retaliatory tariffs within seven days.

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What is the immediate impact of President Trump's termination of US-Canada trade talks?

President Trump abruptly ended US-Canada trade talks due to Canada's planned digital services tax on American tech companies, calling it a "direct and flagrant attack.

politico.eu

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May 29, 16:12

Germany Proposes 10% Levy on Digital Platforms

Germany's culture ministry is drafting a bill to introduce a 10 percent levy on large digital platforms using media content, aiming to address post-COVID debt and potentially escalating trade tensions with the US.

Germany Proposes 10% Levy on Digital Platforms

Germany's culture ministry is drafting a bill to introduce a 10 percent levy on large digital platforms using media content, aiming to address post-COVID debt and potentially escalating trade tensions with the US.

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What is the immediate impact of Germany's proposed 10 percent levy on large digital platforms?

Germany plans a 10 percent levy on large digital platforms using media content, targeting US tech giants like Google and Meta. This could escalate trade tensions with the US, especially given existing tariffs impacting Germany's economy.

politico.eu

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May 15, 07:13

EU Considers Digital Tax to Repay Post-Covid Debt, Risking U.S. Confrontation

The European Commission proposes a digital tax to repay €350 billion in post-Covid debt, starting in 2028, potentially creating conflict with the U.S. and facing opposition within the EU.

EU Considers Digital Tax to Repay Post-Covid Debt, Risking U.S. Confrontation

The European Commission proposes a digital tax to repay €350 billion in post-Covid debt, starting in 2028, potentially creating conflict with the U.S. and facing opposition within the EU.

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What are the immediate implications of the European Commission's consideration of a digital tax to repay its post-Covid debt?

The European Commission is considering a digital tax to repay €350 billion in post-Covid debt, starting repayments in 2028. This could cause conflict with the U.S., as it may be seen as retaliation against U.S. tariffs and disproportionately affects U.S. tech companies. Opposition from countries like Italy and Germany, who value trade with the U.S., further complicates the issue.

elpais.com

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Apr 16, 10:08

Strained US-Spain Relations: Bessent Presses for Increased Defense Spending and Google Tax Repeal

US Treasury Secretary Scott Bessent met with Spain's Economy Minister Carlos Cuerpo in Washington; Bessent pressed for increased Spanish defense spending and elimination of the Google tax, while Cuerpo described the meeting as constructive, revealing a divergence in public statements.

Strained US-Spain Relations: Bessent Presses for Increased Defense Spending and Google Tax Repeal

US Treasury Secretary Scott Bessent met with Spain's Economy Minister Carlos Cuerpo in Washington; Bessent pressed for increased Spanish defense spending and elimination of the Google tax, while Cuerpo described the meeting as constructive, revealing a divergence in public statements.

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How do the differing public statements released after the meeting reflect the underlying tensions in the U.S.-Spain relationship?

The contrasting statements released after the Bessent-Cuerpo meeting reveal differing perspectives on the state of U.S.-Spain relations. The U.S. Treasury's emphasis on defense spending and the Google tax contrasts with Cuerpo's more conciliatory remarks, suggesting underlying tensions regarding trade and geopolitical alignment.

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