VANCOUVER: US Trade Representative (USTR) Katherine Tai on Monday (Tuesday in Manila) voiced her “concern” to Canadian Trade Minister Mary Ng over the prospect of Ottawa imposing taxes on US tech giants. This 3-percent digital services tax targets companies with gross revenues exceeding US$900 million in global business. Tai “expressed concern about Canada’s recently proposed digital service tax,” according to a statement by the office of the US Trade Representative. That would target, in particular, the digital giants, who often pay taxes out of proportion to the income and profits they generate locally. Tai and Ng “agreed to continue to collaborate on addressing these and other issues, and to maintain an open line of communication,” the USTR statement said.

Source: Manila Times May 18, 2021 16:18 UTC