- Booking Holdings Inc. received a $31 million benefit after Canada repealed its digital services tax.
- The benefit relates to payments made in previous years under the now-scrapped tax.
- The company’s “sales and other expenses” declined as a proportion of revenue in early 2026 due to this benefit.
- Canada officially repealed its digital services tax on March 26.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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