Canada is a failed state

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HOMO FOR LIFE RETURNS said:
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America wins economic wars irl and Canada wins updoots on reddit
 
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HOMO FOR LIFE RETURNS said:
We are cooked.

I mean we've been cooked.

Now comes to dessert.

And diarrhea.

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Not shocked by this at all. Everyone thought they would be clever and try to bilk more money out of American corporations on the back end. On top of that they made it retroactive to Jan 1 2022. It's one of those big brain genius moves that can only come from stupid people.
 
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OutInTheRain said:
Not shocked by this at all. Everyone thought they would be clever and try to bilk more money out of American corporations on the back end. On top of that they made it retroactive to Jan 1 2022. It's one of those big brain genius moves that can only come from stupid people.
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Trump is going to make example out of Canada just to scare EU into compliance.

We are doubled fucked.
 
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Betonhaus said:
It's like Carney is desperate to find some sort of income source before the economy implodes so he doesn't have to admit we're bankrupt
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Rugpulling the jeets as they're all sent home is what I'd have in mind.
Seriously, who the fuck is giving them loans to buy into businesses? Poopjinder Holding Company from out in Karachi? Or an actual banking institution that rubber-stamps any five-page business plan where YAS I WILL BUY HAMBURGER FRANCHISE SAR NO IT IS NO CONFLICT WITH MY HINDOO FAITH SAR
 
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Oh no Canada frens

Trump says he’s ‘terminating’ all trade discussions with Canada​


The president blamed the move on Canada’s Digital Services Tax, which goes into effect on Saturday, and said he’d announce new tariffs.​

Mickey Djuric
Carney faced immediate pressure from industry groups that called on him to drop the tax.

“Canada’s digital services tax unfairly targets U.S. companies, defies its USMCA commitments, and attempts to ring-fence the digital economy — undermining the global tax system,” Megan Funkhouser, senior director of the Information Technology Industry Council, said in a statement.

CCIA CEO Matt Schruers thanked the U.S. administration for its “decisive response” and called for an investigation into Canada’s digital tax.

About 90 percent of what Canada would collect under its Digital Services Tax Act would be from U.S. companies, members of Congress have argued.

“If Canada decides to move forward with this unprecedented, retroactive tax, it will set a terrible precedent that will have long-lasting impacts on global tax and trade practices,” 21 members of Congress wrote in a letter to Trump on June 11.

Last week Finance Minister François-Philippe Champagne said Canada wasn’t going to pause the tax despite pressure from Congress, business groups and industries.

“This was voted by Parliament so we’re going ahead with the DST,” Champagne told reporters.

“We had fairly long, extensive discussions at the G7 about the different [tax] regimes that you find in different parts of the world. The [digital services tax] is not unique to Canada, by the way,” he said. “Let’s put that into context. This is not the big thing. The big thing is all the other types of taxes you have around the world.”

Ontario Premier Doug Ford had been urging the federal government to delay the tax over concerns that it would derail negotiations between the two countries.

“For our American partners, this is nothing but an unfair tax that’s putting millions of Canadian jobs at risk,” Ford said in October.

Edit: Between this and Trump getting a huge victory in the Supreme Court today, things are about to go turbo MAGA.
 
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jertzog said:
Seriously, who the fuck is giving them loans to buy into businesses?
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If you go to the bank for a business loan, in Canada, and it's a borderline proposal, but you're on their list of Priority Identities (e.g. women, "minorities", disabled, gay, trans, etc), then they'll tip the scales and give you the loan, otherwise they'll say no.
 
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