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.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Canada’s Methanex to acquire OCI’s methanol business in $2.05-billion dealOCI will become the second-largest shareholder of Methanex, with about 13% of the company
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »
Business Matters: Air Canada prepares for partial shutdown ahead of looming pilot strikeAir Canada is working on plans to start suspending operations ahead of a looming pilot strike, the carrier said in a statement Monday morning. Unless a settlement is reached by Sunday, either Air Canada or the Air Line Pilots Association (ALPA), which represents 5,200 Air Canada pilots, could issue a 72-hour lockout or strike notice.
แหล่ง: GlobalCalgary - 🏆 50. / 61 อ่านเพิ่มเติม »
Business Matters: Canada’s summer housing market sluggish, but some neighbourhoods remain ‘hot’Despite two interest rate cuts from the Bank of Canada, the housing market has been sluggish this summer, though some neighbourhoods remained ‘hot.’ Anne Gaviola has this story and more in Business Matters for Thursday, Aug. 15, 2024.
แหล่ง: GlobalCalgary - 🏆 50. / 61 อ่านเพิ่มเติม »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
แหล่ง: BurnabyNOW_News - 🏆 14. / 77 อ่านเพิ่มเติม »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »
Canadian Soccer Business points to 'new, landmark offer' made to Canada SoccerTORONTO — While Canada Soccer says a new labour agreement with its players is contingent on a reworked deal with Canadian Soccer Business, CSB says it 'proactively made a new, landmark offer' six weeks ago.
แหล่ง: PGCitizen - 🏆 65. / 51 อ่านเพิ่มเติม »