• sbv@sh.itjust.worksEnglish
    0·
    1 day ago

    Canada’s implementation is different from other countries’:

    • It’s retroactive to 2022 - so the corps in question would have to drop a big payout in the first year.
    • It’s slightly higher than the UK tax that the yanks didn’t call out. (3% vs. 2%)

    I don’t know if I would call it stupid, but that retroactive thing seems odd. I don’t know much about corporate tax law, so maybe that’s a thing? I dunno.

    • karlhungus@lemmy.ca
      0·
      1 day ago

      I don’t get the hate, it seems like about time these ultra rich companies paid some taxes?

      • sbv@sh.itjust.worksEnglish
        0·
        1 day ago

        I think the companies are the only ones who hate the DST. That and their puppet politicians.

    • gaiussabinus@lemmy.world
      0·
      1 day ago

      They were told about the implementation and the date active. They have chosen not to pay. The total to current date is due. Its like me not doing my taxes for seven years and receiving the letter from the cra that I had better bring my taxes to current year or face fines. Same deal for businesses.

    • leastaction@lemmy.ca
      0·
      1 day ago

      The idea was to give the Americans time to negotiate something before the tax came into effect. If they didn’t do it in 3 years, I don’t know why Carney thinks giving in will lead to any benefit for Canada.