LONDON -- A newly inked global deal to tax multinational tech corporations is good for Canada and its businesses, federal Finance Minister Chrystia Freeland said Saturday after a framework agreement was reached among G7 finance ministers.
In the absence of an agreement among the world's leading industrialized nations, Freeland had indicated Canada was prepared to unilaterally impose its own digital services tax starting Jan. 1, 2022. U.S. Treasury Secretary Janet Yellen said the agreement provides momentum to reaching a global 15 per cent rate.
Wow... got 7 countries that are in desperate need of tax revenue to agree on corporate tax rate. There are a lot of companies that are outside of the G7, G20 where corporations are based to avoid taxes
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »