matthewb
@matthewb
how on earth is the china deal finalized before canada lmao https://x.com/watcherguru/status/1938333295735160985
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vincent
@xxc
TIL canada is "a very difficult country to trade with"
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matthewb
@matthewb
trump's comments are silly but this decision is due to carney's digital services tax which is bad policy imo
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vincent
@xxc
imo it’s all connected. trade includes services too. DST is fair: if you profit here, you should pay tax here. the old rules let digital giants slip through the cracks. lots of countries are done letting that slide.
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matthewb
@matthewb
I don’t think it makes sense. let’s say I make chairs. someone from france buys my chairs. I don’t need to pay income tax to the french gov, I’m not operating in their country. same with meta or whatever. they’re not operating here, the internet just happens to make everything a global economy. doesn’t make sense to pay income tax everywhere. canada is just going after this $$ because our economy is so bad and we have very little industry of our own.
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vincent
@xxc
you're talking about income tax. DST isn’t that. it’s a tax on revenue earned in a market, like a sales tax for platforms.
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vincent
@xxc
ie. if meta runs ads targeted at canadians, hosts canadian content, harvests canadian data, and sells it to advertisers, that is definitely doing business here. and canada’s not alone: france, india, the UK, and other dozens of countries are doing this.
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matthewb
@matthewb
perhaps they will be able to form a coalition and make it happen! I just think it’s unnatural given the nature of the internet. I also think many think DST is great but don’t have to deal with importing/exporting. if you did, you wouldn’t think 25% tariffs are a joke. that’s the price of this policy atm.
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