The Liberal government confirmed this week it plans to go ahead with the tax targeting Big Tech in 2024, despite 138 other countries and jurisdictions agreeing last week to delay similar measures., Cohen pointed out United States Trade Representative Katherine Tai has previously warned Canada should not implement a unilateral tax.
Canada has said its DST would only come into effect if a multilateral tax agreed to by OECD countries isn’t in place by 2024. The OECD approach would implement a global minimum corporate tax rate of 15 per cent. Cohen said he was hopeful Canada and the United States could work out their differences over the issue without “having a disruption of retaliatory trade tactics against each other.”
But he said there is nothing in the digital trade chapter of the USMCA “that allows for some particular type of sanctioning or mechanism,” meaning there is no obvious measure specifically targeting digital trade the U.S. could take.Article content
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