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nearly 140 countries reached an agreement on a 15 percent minimum tax under OECD auspices

US opposes Canada’s digital services tax proposal

February 23, 2022 by DailyTimes.pk

Washington: The United States on Tuesday announced its opposition to Canada’s proposed tax on the largest tech firms, warning it “would examine all options” should Ottawa go ahead with the levy. The United States Trade Representative (USTR) said Canada should instead work towards implementing a global taxation agreement that Organisation for Economic Co-operation and Development […]

Filed Under: World Tagged With: " USTR said. It called for Ottawa to "focus efforts on engaging constructively" with the OECD negotiations, "USTR would examine all options, AFP, Apple and Google. In response to USTR, her office said, it added. In October, Latest, leading the United States to remove punitive tariffs on several countries ahead of the global tax's imposition, nearly 140 countries reached an agreement on a 15 percent minimum tax under OECD auspices, though it would not come into effect until 2024, USTR said., Washington: The United States on Tuesday announced its opposition to Canada's proposed tax on the largest tech firms, which is expected in 2023. Those levies were never imposed, which it says impose discriminatory fees on American tech giants like Amazon, which protects against erosion of the tax base and will generate additional revenue" for the country

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