Fact Check: "U.S. companies will pay 90% of revenue from Canada's digital services tax."
What We Know
Canada's digital services tax (DST) is a 3% levy on revenue generated from digital services provided to Canadian users by large multinational companies, including major U.S. firms like Amazon, Google, Meta, Uber, and Airbnb. This tax is set to take effect on June 30, 2023, and will apply retroactively, resulting in a projected $2 billion USD bill for U.S. companies at the end of the month (CBC.ca).
A letter signed by 21 members of the U.S. Congress explicitly stated that U.S. companies would be responsible for paying 90% of the revenue that Canada collects from this tax (CBC.ca). This assertion aligns with the broader context of the tax, which has been a point of contention in U.S.-Canada trade relations, especially given the ongoing negotiations for a new trade deal (BNN Bloomberg).
Analysis
The claim that "U.S. companies will pay 90% of revenue from Canada's digital services tax" is supported by multiple credible sources. The letter from U.S. Congress members, which is a direct statement from elected officials, provides a strong basis for this assertion. The context surrounding the DST indicates that it is specifically targeting large tech companies, many of which are based in the U.S. This focus on U.S. companies suggests that they will indeed bear the brunt of the tax revenue collected by Canada.
However, it is essential to consider the potential biases in the sources. The CBC, as a national public broadcaster, generally maintains a reputation for reliability and impartiality in reporting (CBC.ca). On the other hand, the context of trade negotiations and the political climate can influence how such information is presented, particularly from sources that may have vested interests in the outcomes of these negotiations (BNN Bloomberg).
The U.S. government's opposition to the DST and the potential for retaliatory measures also highlight the contentious nature of this issue, which could affect how stakeholders interpret the implications of the tax (CBC.ca, BNN Bloomberg). Nevertheless, the core claim remains substantiated by the evidence presented.
Conclusion
Verdict: True
The assertion that U.S. companies will pay 90% of the revenue from Canada's digital services tax is accurate based on the evidence from credible sources, including a letter from U.S. Congress members and reports from established news outlets. The tax's structure and its focus on large U.S. tech firms further support this conclusion.
Sources
- U是酶活力单位，那U/mg和mU/mg是什么意思 - 百度知道
- Canada won't delay digital services tax during U.S. trade negotiations - CBC.ca
- 怎么给U盘设置访问密码？就是把U盘文件保护起来 - 知乎
- Cross-border digital products or services: GST/HST for digital economy businesses - Canada
- ā á ǎ à、ō ó ǒ ò、ê ē é ě è、ī í ǐ ì、ū ú ǔ ù - 百度知道
- The United States Challenges Canada's Digital Services Tax - McMillan
- 机械革命笔记本电脑怎么设置u盘启动？ - 百度知道
- Calls mount to pause Canada's tax targeting tech giants - BNN Bloomberg