Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30.
Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have all signed letters calling for the tax to be eliminated or paused.
The Canadian Chamber of Commerce and other organizations say retaliatory measures in a U.S. spending and tax bill could hit Canadians’ pension funds and investments.
A portion of U.S. President Donald Trump’s “big, beautiful” bill could increase withholding and income tax “on any holding of an American asset by a Canadian or the U.S. operations of a Canadian-parented company,” the groups warned in an open letter Friday….