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U.S. trade official raises concerns about Canada's proposed digital services tax

WASHINGTON (Reuters) - Deputy U.S. Trade Representative Jayme White expressed Washington's ongoing concern about Canada's proposed digital services tax in talks on Wednesday with...
U.S. trade official raises concerns about Canada's proposed digital services tax © Reuters.

WASHINGTON (Reuters) - Deputy U.S. Trade Representative Jayme White expressed Washington's ongoing concern about Canada's proposed digital services tax in talks on Wednesday with Canada's deputy trade minister, David Morrison, USTR said in a statement.

White spoke with Morrison ahead of the first meeting of trade deputies under the U.S.-Mexico-Canada (USMCA) trade agreement enacted in 2020.

White also stressed the importance of Canada's fully meeting its USMCA commitments, including its allocation of dairy tariff-rate quotas and home-shopping, USTR said.

Washington said in December it would consider "all options" under its trade agreements and domestic statutes if Canada proceeds with its proposed tax on corporations providing digital services, but gave no details.

The United States in October withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations such as Alphabet (NASDAQ:GOOGL) Inc's Google and Facebook Inc (NASDAQ:FB).

Canada unveiled the proposed measure in April, saying it would stay in place until major nations come up with a coordinated approach on taxing the big digital companies.

The Organisation for Economic Cooperation and Development has since agreed on a common approach to ensure such companies pay their share of taxes, but a treaty to enforce this has yet to be implemented.

USTR said White and Morrison agreed to continue to collaborate on addressing the various issue, and maintain an open line of communication.

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29-01-2022 05:55:44 (UTC+7)

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 EUR/USD1.1150↑ Sell
 GBP/USD1.3408↑ Buy
 USD/JPY115.22Neutral
 AUD/USD0.6990Sell
 USD/CAD1.2764Sell
 EUR/JPY128.46Sell
 EUR/CHF1.0381↑ Sell
 Gold1,790.10Buy
 Silver22.485↑ Buy
 Copper4.3297↑ Sell
 Crude Oil WTI87.31Buy
 Brent Oil89.00Buy
 Natural Gas4.667↑ Sell
 US Coffee C235.85↑ Sell
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,431.85↑ Buy
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,955.70↑ Buy
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,230
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SJC HCM6,180/ 6,250
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SJC Hanoi6,180/ 6,252
(0/ 0) # 1,335
SJC Danang6,180/ 6,252
(0/ 0) # 1,335
SJC Nhatrang6,180/ 6,252
(0/ 0) # 1,335
SJC Cantho6,180/ 6,252
(0/ 0) # 1,335
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