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

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

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 digit

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: PGCitizen - 🏆 65. / 51 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ottawa, Quebec tout ‘new business model’ to fast-track affordable housingDeveloper Société de développement Angus will receive $193.5 million in subsidies to ‘quickly’ build 677 units in Montreal and 324 in Rimouski
Source: globeandmail - 🏆 5. / 92 Read more »

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 homes in Montreal and Rimouski, Que.
Source: PGCitizen - 🏆 65. / 51 Read more »

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 homes in Montreal and Rimouski, Que.
Source: timescolonist - 🏆 15. / 75 Read more »