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Now that Ottawa has officially rescinded the three per cent levy, Google said it will reimburse customers for all the fees it collected to cover the tax between Oct. 1, 2024 and June 30, 2025. (The Logic)
Talking point: The federal government agreed in June to drop the DST—intended to target the revenues of large online companies—at U.S. President Donald Trump’s behest. The Canada Revenue Agency says it will refund businesses that have already paid the DST, with interest. In practice, the companies largely passed the tax on to vendors and customers. Google collected the fees for its advertising services, including Google Ads, YouTube Reservation and Display & Video 360. The refund process will take time because it involves millions of transactions and hundreds of thousands of accounts, the company said in a post. Amazon also previously committed to refund fees it collected from sellers and Amazon Ad customers. Refunds for ads started Wednesday, according to the company’s website.
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