Business lobby group warns Ottawa digital services tax could 'imperil' trade talks

WASHINGTON — One of Canada’s most influential business lobby groups is warning Ottawa about damage to the relationship with the United States after the Biden administration escalated efforts to halt the federal government's tax on large foreign digital services companies.

Hyder cautioned the tax could also be destructive to Canada's relationship with the U.S. ahead of the review of the trade agreement in 2026. U.S. Trade Representative Katherine Tai, after requesting dispute consultations in August, called the tax discriminatory and said it is inconsistent with Canada's commitments not to treat U.S. businesses less favourably than Canadian ones.

Hyder said Ottawa's strategy will neither address nor assuage U.S. concerns. Instead it will risk undermining the trade agreement and"our most important trade and investment partnership," he said. But after significant delays to that process at the Organization for Economic Co-operation and Development, Canada went ahead with its own tax.Greta Peisch, the former general counsel for the Office of the U.S. Trade Representative, said concerns around Canada’s approach to the tax have been raised for a long time.

Peisch said the issue is around global revenue. Canada's tax applies to foreign and Canadian digital services providers that earn total annual revenue from all sources of 750 million euros or more, and annual Canadian revenue more than $20 million a year.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Business lobby group warns Ottawa digital services tax could 'imperil' trade talksWASHINGTON — One of Canada’s most influential business lobby groups is warning Ottawa about damage to the relationship with the United States after the Biden administration escalated efforts to halt the federal government's tax on large foreign digit
Fonte: PGCitizen - 🏆 65. / 51 Consulte Mais informação »

Business lobby group warns Ottawa digital services tax could 'imperil' trade talksWASHINGTON — One of Canada’s most influential business lobby groups is warning Ottawa about damage to the relationship with the United States after the Biden administration escalated efforts to halt the federal government's tax on large foreign digit
Fonte: BurnabyNOW_News - 🏆 14. / 77 Consulte Mais informação »

Business lobby group warns Ottawa digital services tax could 'imperil' trade talksWASHINGTON — One of Canada’s most influential business lobby groups is warning Ottawa about damage to the relationship with the United States after the Biden administration escalated efforts to halt the federal government's tax on large foreign digit
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Business lobby group warns Ottawa’s digital services tax could ‘imperil’ trade talksThe Business Council of Canada called for the digital services tax to be revoked after the Office of the USTR requested dispute settlement consultations under the Canada-U.S.-Mexico trade agreement
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Ottawa, Quebec tout 'new business model' to fast-track affordable housingMONTREAL — The governments of Canada, Quebec and the City of Montreal are crediting a new fast-track housing program for plans to build 1,001 affordable...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »