The organization is scheduled to announce on Friday the results of negotiations involving 139 countries. Speaking to reporters in Ottawa, Finance Minister Chrystia Freeland said she’d spoken directly in the last two and a half weeks to her G7 counterparts Janet Yellen (U.S.), Rishi Sunak (U.K.), Olaf Scholz (Germany), Bruno Le Maire (France) and Daniele Franco (Italy), as well as OECD secretary-general Mathias Cormann. (The Logic)
Talking point: Canada is implementing its own digital-services tax (DST) in January, which is scheduled to stay in place until an “acceptable multilateral approach comes into effect.” In response to a question from The Logic about the conditions under which the government would lift the DST, Freeland referenced the OECD negotiations and said she wouldn’t “speculate right now on details of where the plane will land,” but that Canada is committed to an international deal. On Wednesday, Le Maire struck a more optimistic note, saying the negotiations were “one millimetre away from a global agreement.” Freeland also said the coming deal “will be really good for Canada’s bottom line.” In July, she said details of whether the OECD-led system would bring in more revenue than the DST would need to wait until the agreement was done.