Taxes are not what we’re lacking in Quebec. Indeed, Quebecers are the most heavily taxed people in North America.
But that hasn’t stopped the federal government from announcing, early this year, its intention to add one more tax onto the pile, this one on digital services.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The predictable result was a direct increase of two to three percent in the prices paid by consumers of these services, depending on the company. Instead of it affecting their profits, these companies simply passed the bill along to their clients.Article content And that’s if the gains materialize. In France, for example, the government estimated that it would collect 400 million euros. Instead, it collected 277 million euros, or 30.75% less than initially projected.
Adding on a new tax on revenues from online sales would therefore affect a very large proportion of Canadian companies.
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