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The post Canada Revenue Agency refunds $148M to 30 US companies after scrapping digital services tax appeared on BitcoinEthereumNews.com. Canada is handing back $148 million to 30 US-based companies after repealing the digital services tax (DST) that briefly made it one of the most aggressive jurisdictions for taxing Big Tech. The Canada Revenue Agency processed the refunds, plus $4 million in interest, by the end of April 2026. The DST, a 3% levy on digital services revenue from large technology firms, collected $647 million in total before it was suspended on June 30, 2025. Of the $647 million collected, $358 million was applied to cover other tax liabilities the companies already owed. That left $289 million earmarked for refunds. The DST targeted companies with global revenues of at least 750 million euros and Canadian digital revenue exceeding $20 million. US firms specifically contributed $148.2 million, representing about 23% of the total haul. The repeal received royal assent o
Read full articleCADD's launch could streamline crypto transactions in Canada, but its success hinges on maintaining peg stability and gaining wider regulatory acceptance. The post Base welcomes CADD, Canada’s first regulated dollar stablecoin appeared first on Crypto Briefing.
The repeal of Canada's digital services tax may ease US-Canada trade tensions, potentially influencing future international tax policies. The post Canada Revenue Agency refunds $148M to 30 US companies after scrapping digital services tax appeared first on Crypto Briefing.
This high-profile delegation could strengthen US-China economic ties, potentially easing trade tensions and fostering mutual investments. The post Trump takes Elon Musk, Tim Cook and Wall Street chiefs to China in bid to unlock business deals appeared first on Crypto Briefing.
US companies still lead in innovation but their Chinese rivals are speeding ahead in the deployment race
MIT economists found US companies tend to target employees earning a “wage premium,” which increases inequality but not necessarily productivity.
Intentional errors can be useful.
Seven families of victims injured or killed in the Tumbler Ridge school shooting in Canada have filed lawsuits against OpenAI and CEO Sam Altman, accusing the company and its leadership of negligence after they failed to alert police to the suspected shooter's ChatGPT activity. The families allege OpenAI stayed silent after its systems flagged activity by shooting suspect Jesse Van Rootselaar in order to protect the company's reputation and upcoming initial public offering (IPO). The Wall Street Journal reports that OpenAI "considered" flagging the 18-year-old's activity to police, which reportedly involved conversations about gun violence, … Read the full story at The Verge.
On the stand, Elon Musk is positioning himself as a savior. In the high-profile trial between him and his fellow OpenAI co-founder, now CEO, Sam Altman, Musk opened by going through his background. He went as far back as being raised in South Africa and arriving in Canada for college with "2,500 in Canadian travelers' checks and a bag of clothes and books," then spent an unusually long time talking about his past, from Zip2 to PayPal to the current, more familiar slate of companies he now runs. Why is Musk giving the jury so much of his origin story? Though he may be, depending on the day, the world's wealthiest individual, Musk suggested … Read the full story at The Verge.
