Digital taxes will mean higher costs for businesses and Canadians

As the global economy becomes ever more digital, a high-stakes debate is taking place about how countries should tax multinational digital corporations like Amazon, Facebook and Google. The Organization for Economic Cooperation and Development is leading these deliberations, which could end up transforming the global tax landscape.

The federal government has signalled it will wait for a multilateral consensus before revisiting an election pledge to impose a three per cent DST on multinational tech giants. This France-style tax, which to date the U.S. opposes, would apply to the proceeds of online ads and user data sales for digital firms with revenues of more than $40 million in Canada and $1 billion globally.

In January, an expert panel on Canadian telecommunications and broadcasting joined with others in calling for reforms to level the playing field for Canadian broadcasters and digital media companies. This includes requiring foreign media companies to collect federal sales tax. Currently, both Quebec and Saskatchewan require Canadian and foreign digital service suppliers to register for and collect provincial sales tax on similar services.

Oh good. More bullshit liberal taxes.

We should just let all these huge multinational corporations pay zero tax. Then we can get things cheaper short term. What's the worst that can happen?...

digital taxes will mean digital access to more government systems.

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