Canadian Finance Minister Chrystia Freeland said on Tuesday she was cautiously optimistic about settling a dispute with the United States about Ottawa's planned digital services tax (DST) on large technology companies.
The U.S. government has repeatedly objected to the planned Canadian tax. Washington says it unfairly singles out U.S. firms, and
"I was in Washington last week and we did have some good conversations about the DST, including at officials level. I remain cautiously optimistic that we'll be able to reach an understanding with our American partners," Freeland told reporters in Ottawa.further in July to allow for more negotiations. Countries other than Canada that have a DST agreed to wait for the global deal for at least another year, instead of implementing their taxes.
Ottawa says not implementing its DST for another year would put Canada at a disadvantage relative to countries that have been collecting revenue under their pre-existing digital services taxes.China's Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year's Singles Day extravaganza, three industry sources said, as the e-commerce company seeks to boost sales and stem a drop in market share.
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