08:13:16 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 33,300,000
Close 2025-06-05 C$ 24.52
Market Cap C$ 816,516,000
Recent Sedar Documents

Globe says Meta, rivals hear Trump warn on DST

2025-06-06 07:55 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Friday, June 6, edition that President Donald Trump's proposal to tax foreign investment from countries with what he calls "unfair foreign taxes," including Canada, is shifting his trade war into a capital war, facing backlash even from conservatives. The Globe's Tim Kiladze writes that the American Enterprise Institute warns about the implications of Section 899 in Mr. Trump's budget bill, which could lead to decreased cross-border investment if countries do not remove their digital services taxes. While the debate has mainly focused on spending, the proposed One Big Beautiful Bill Act (OBBB) is projected to add $2.4-trillion (U.S.) to the deficit, pushing it toward nearly $3-trillion (U.S.) by 2035. Elon Musk has called the bill a "disgusting abomination." The budget includes Section 899, which penalizes countries with what the White House deems unfair taxes, like digital services taxes (DST) and the undertaxed profits rule (UTPR). In today's economy, companies like Meta can produce and sell digital services in the U.S. without facing Canadian income tax. Many engage in corporate tax planning to shift revenues globally and reduce their tax liabilities.

© 2025 Canjex Publishing Ltd. All rights reserved.