Canada to Delay Its Digital Services Tax for OECD’s Global Corporate Tax

Canada to Delay Its Digital Services Tax for OECD’s Global Corporate Tax
Deputy Prime Minister Chrystia Freeland speaks to the media during a funding announcement in Fredericton, New Brunswick on July 23, 2021. The Canadian Press/Stephen MacGillivray
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The Canadian government will postpone and possibly scrap its digital services tax on Big Tech after signing a global pact with 135 other countries to overhaul the way large multinational companies are taxed.

The agreement, reached by members of the Organisation for Economic Co-operation and Development (OECD) on Oct. 8, imposes a global minimum corporate tax of 15 percent on big multinational companies starting in 2023.
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