Canada withdraws digital services tax on U.S. tech firms

TechNet, a national network representing tech industry leaders, has expressed approval following Canada's decision to withdraw its digital services tax on U.S. technology companies. Linda Moore, President and CEO of TechNet, issued a statement acknowledging the move as a step towards restoring equitable trade relations between the two nations.

"TechNet commends Canada for withdrawing its digital services tax and working to reestablish a fair trading relationship with the United States," said Moore. She further recognized the efforts of the U.S. administration in addressing this issue and urged other countries with similar measures to reconsider their stance.

Moore emphasized that "American tech ingenuity has transformed industries, created millions of jobs here and around the world," while noting that taxes imposed by foreign governments unfairly target U.S. innovators and could potentially undermine America's position in global economic leadership.

She concluded by stating that maintaining strong international trade relationships requires fairness, allowing American companies to compete without undue financial pressures from foreign entities.