• @[email protected]
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    107 days 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.

    • @[email protected]
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      157 days 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.

    • @[email protected]
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      97 days 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.

      • @[email protected]
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        77 days ago

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

        • @[email protected]
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          17 days ago

          the parent of this thread thinks it’s stupid, and got up voted but like zero explanation. Looking at their post history they don’t seem like a bot