The OECD announced Wednesday that 138 jurisdictions have agreed not to enact country-specific measures until the end of 2024, unless they reach an international agreement on a new way to tax multinationals sooner. “Canada cannot support the extended standstill,” Finance Minister Chrystia Freeland said in a statement, reiterating the federal government’s timeline of implementing its own DST next year. (The Logic)

Talking point: The moratorium was designed to buy the OECD-led collective time to negotiate the fine print of an October 2021 agreement that would allow countries to tax border-crossing companies based on where they do business, not just where they’re registered. The Liberal government has long insisted they support an international deal, but set up the DST as an interim measure just in case. And Freeland has signalled she isn’t for shifting on her timeline, even as the OECD acknowledged that agreement was taking longer than scheduled. Wednesday’s duelling announcements make that real, and pit Ottawa against Washington, which pushed for the extension and has repeatedly expressed its displeasure with Canada’s DST, arguing it would unfairly target U.S. tech giants.