The Canadian government announced yesterday the cancellation of a tax, which was targeting the giants of the technology industry, in the hope that it would reach a broader agreement with that of the USAtwo days after the interruption of talks announced by the US president Donald Trump.

Canadian Finance Minister Francois-Philip Sampan “announced today (ed. Yesterday) that Canada It cancels Digital Services Tax (FYS) ‘, according to a press release released by its services. The text explains that the Canadian government has taken this decision in view of the reopening of talks on the conclusion of a bilateral agreement with the US for trade until July 21.

Donald Trump said on Friday that he is putting an end to trade negotiations with his country’s northern neighbor, stating that the tax imposed by Otava and targeted the giants of the technology industry was “immediate and obvious”. He clarified that talks with Canada would stop the day of the law (June 30).

FYY would target IT world-wide companies with a turnover of more than $ 1.1 billion in Canadian dollars and revenue annually in Canada over $ 20 million.

It mainly concerned Google, Apple, Meta (Facebook, Instagram), Amazon and Microsoft. These companies are accused of taking advantage of the fact that their activity is intangible to avoid taxation.