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Uber Eats again, Nick? And making money off Canadian users and data. And so they think the company should pay taxes on that. Wait, so you mentioned Uber? Yeah, and also Airbnb, Apple, Google and Meta. Basically any company that makes over 750 million euros in revenue worldwide and over 20 million from digital services in Canada. That's money from things like online ads, social media and selling user data. Is it the same thing that got news blocked on Instagram? So that's actually a different bill, but it's the same idea. The government wanted tech companies to pay Canadian news outlets for linking to their content. But Metta said nah and blocked news in Canada. With the DST, what is the tax supposed to be? 3%. But the companies would have owed taxes dating back from 2022. The government said the tax would have brought in more than $7 billion over five years. Wait, why are you even doing a story on this? It's not happening, right? One second, I'm just placing my order. So anyway, that is the story. Trump said he's ending trade talks with Canada because of the tax. So Canada dropped the tax? Like right before the companies owed the first bill. That was supposed to be on June 30th. Did Trump just find out about this tax now? Well, the US has always been against the tax. The biggest tech firms are based in the states and they would have had to pay the most in taxes. And some business groups in Canada worried the tax might make things worse with the US trade war. But Canada went ahead with the tax anyway. And nobody saw this fight coming. with Canada included. But that hasn't happened and it just went ahead with its own system. And it said it could because countries like France, Italy and Spain already have their own system. But some people say Canada should have waited. What happens now? Trade talks again. And they're hoping to make a deal by July 21st. And the tax still needs to be rescinded because it was made law last year. But the government says that'll happen soon and the companies won't have to pay tax in the meantime. Anyway, gotta bounce, my Uber Eats is here.

Uber Eats again, Nick? And making money off Canadian users and data. And so they think the company should pay taxes on that. Wait, so you mentioned Uber? Yeah,…

Ideas in this flowchart

  • Digital Services Tax (DST) Issue
  • Affected Companies
  • Uber, Airbnb, Apple, Google, Meta
  • Tax Criteria
  • Revenue over 750 million euros worldwide
  • Revenue over 20 million from digital services in Canada
  • Revenue Sources
  • Online ads, social media, selling user data
  • DST Tax Rate
  • 3% tax
  • Retroactive from 2022
  • Projected Revenue
  • Over $7 billion over five years
  • US Opposition
  • US against tax due to impact on US-based tech firms
  • Trade War Concerns
  • Canada's Decision
  • Canada initially proceeded with tax
  • Comparison with Other Countries
  • France, Italy, Spain have similar systems
  • Current Status
  • Trade talks to resume
  • Tax needs to be rescinded
  • Companies not paying tax currently
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Uber Eats again, Nick? And making money off Canadian users and data. And so they think the company should pay taxes on that. Wait, so you mentioned Uber? Yeah, and also Airbnb, Apple, Google and Meta. Basically any company that makes over 750 million euros in revenue worldwide and over 20 million from digital services in Canada. That's money from things like online ads, social media and selling user data. Is it the same thing that got news blocked on Instagram? So that's actually a different bill, but it's the same idea. The government wanted tech companies to pay Canadian news outlets for linking to their content. But Metta said nah and blocked news in Canada. With the DST, what is the tax supposed to be? 3%. But the companies would have owed taxes dating back from 2022. The government said the tax would have brought in more than $7 billion over five years. Wait, why are you even doing a story on this? It's not happening, right? One second, I'm just placing my order. So anyway, that is the story. Trump said he's ending trade talks with Canada because of the tax. So Canada dropped the tax? Like right before the companies owed the first bill. That was supposed to be on June 30th. Did Trump just find out about this tax now? Well, the US has always been against the tax. The biggest tech firms are based in the states and they would have had to pay the most in taxes. And some business groups in Canada worried the tax might make things worse with the US trade war. But Canada went ahead with the tax anyway. And nobody saw this fight coming. with Canada included. But that hasn't happened and it just went ahead with its own system. And it said it could because countries like France, Italy and Spain already have their own system. But some people say Canada should have waited. What happens now? Trade talks again. And they're hoping to make a deal by July 21st. And the tax still needs to be rescinded because it was made law last year. But the government says that'll happen soon and the companies won't have to pay tax in the meantime. Anyway, gotta bounce, my Uber Eats is here.

C
Connor Fraser
10w

"Metta said nah and blocked news in Canada."

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