Ottawa Enacts Digital Services Tax Amid US Concerns

Published on July 5, 2024

The Canadian government’s digital services tax (DST) that will require foreign tech giants to pay three percent of revenues on their operations in Canada has come into force. It’s a move that industry leaders in the United States are fighting against, with United States Trade Representative Katherine Tai saying they will use every available tool to do so. The DST came into effect on July 4 following an order in council by Finance Minister Chrystia Freeland and despite ongoing negotiations for a multilateral DST that would include Canada and the U.S. “Canada’s preference is and always has been a multilateral solution on the DST, a multilateral agreement around Pillar One,” Ms. Freeland said, referring to a plan by the Organization for Economic Co-operation and Development to tax multinational corporations’ based on their activities rather than their location....

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