Canadian digital services tax faces potential trade dispute with the US over its 3% tax on foreign tech firms.

The Business Council of Canada has warned that the country's digital services tax could harm trade relations with the U.S. The council urged the Canadian government to revoke the 3% tax on foreign tech firms after the U.S. Trade Representative sought consultations under the Canada-U.S.-Mexico trade agreement, viewing the tax as discriminatory. If unresolved in 75 days, the U.S. may pursue a dispute settlement panel.

September 10, 2024
36 Articles