Briefing

U.S. proposes focusing multinational tax changes on largest firms, Canada won’t take public position

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Under the U.S. Treasury Department’s plan, governments would be able to collect dues from companies with the highest revenue and profits based on their sales in a country rather than whether they have a physical presence there. Finance Minister Chrystia Freeland’s office did not directly answer questions from The Logic about the U.S. proposal. “Canada is already working with international partners at the OECD, to ensure that global digital giants pay tax wherever they do business,” said spokesperson Katherine Cupliskas, citing upcoming meetings of the G7, G20, International Monetary Fund and World Bank. (Financial Times, The Logic)

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