Latest news with #digitalservices
National Post
7 hours ago
- Business
- National Post
Canada won't pause digital services tax despite pressure from U.S., finance minister says
OTTAWA — Canada won't put a hold on the digital services tax on big tech companies set to take effect on June 30, the finance minister said Thursday. Article content Article content Finance Minister Francois-Philippe Champagne said Thursday the legislation was passed by Parliament and Canada is 'going ahead' with the tax. Article content Article content 'The (digital services tax) is in force and it's going to be applied,' he told reporters before a cabinet meeting on Parliament Hill. Article content Article content It will apply retroactively, leaving U.S. companies with a $2 billion US bill due at the end of the month. A June 11 letter signed by 21 members of Congress said U.S. companies will pay 90 per cent of the revenue Canada will collect from the tax. Article content Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have all signed letters in recent weeks calling for the tax to be eliminated or paused. Article content It's set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal, following months of trade conflict between the two countries. Article content Rick Tachuk, president of the American Chamber of Commerce in Canada, said the plan to go ahead with the tax 'undercuts those talks and risks derailing the agreement.' Article content Article content 'A retroactive tax like the DST, weeks before a new deal is supposed to be done, isn't a bargaining chip. It would likely be viewed as a provocation,' he said in an emailed statement. Article content Article content The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. Article content Champagne said Canada isn't the only country that could be affected by those retaliatory measures. Article content David Pierce, the Canadian Chamber of Commerce's vice-president of government relations, said in an earlier interview his organization fears Canada could 'aggravate an already very tricky trade discussion with the Americans' if it goes ahead with the tax and the retroactive payment requirement. Article content Matthew Holmes, the chamber's executive vice-president and chief of public policy, said in a statement that a Liberal government announcement on counter-tariffs to protect the steel and aluminum industries Thursday was 'geared toward the 30-day deadline, so we see no reason why DST's timeline shouldn't be as well.'
CBC
13 hours ago
- Business
- CBC
Canada won't delay digital services tax during U.S. trade negotiations, says finance minister
Canada won't put a hold on the digital services tax on big tech companies set to take effect on June 30, the finance minister said Thursday. Pressure has mounted on Ottawa to hold off while the government is in trade discussions with the U.S., which opposes the tax. Finance Minister François-Philippe Champagne said the legislation was passed by Parliament, and Canada is "going ahead" with the tax. "The [digital services tax] is in force and it's going to be applied," he told reporters before a cabinet meeting on Parliament Hill. The digital services tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a three per cent levy on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2-billion US bill due at the end of the month. A June 11 letter signed by 21 members of Congress said U.S. companies would pay 90 per cent of the revenue Canada collects from the tax. Canadian and U.S. business groups, organizations representing U.S. tech giants and American lawmakers have all signed letters in recent weeks calling for the tax to be eliminated or paused. It is set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal. The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. budget bill could hit Canadians' pension funds and investments. Champagne said Canada isn't the only country that could be affected by those retaliatory measures. "These are discussions at the global level," he said in French. Champagne said there's a wider discussion going on among G7 nations about tax regimes. David Pierce, the Canadian Chamber of Commerce's vice-president of government relations, said in an earlier interview his organization fears Canada could "aggravate an already very tricky trade discussion" if it goes ahead with the tax and the retroactive payment requirement. The Liberals first promised the tax in the 2019 election, but it was delayed for years due to global efforts to establish a broader, multinational digital taxation plan.
CTV News
17 hours ago
- Business
- CTV News
Champagne says Canada won't pause digital services tax
Minister of Finance and National Revenue Francois-Philippe Champagne rises during Question Period on Parliament Hill in Ottawa, Monday, June 2, CANADIAN PRESS/Adrian Wyld OTTAWA — Finance Minister François-Philippe Champagne says Canada is going ahead with its digital services tax on big tech companies that is set to take effect on June 30. Pressure has mounted on Ottawa to put the tax on hold ahead of trade discussions with the U.S. More coming. The Canadian Press
Yahoo
17 hours ago
- Business
- Yahoo
CP NewsAlert: Champagne says Canada won't pause digital services tax
OTTAWA — Finance Minister François-Philippe Champagne says Canada is going ahead with its digital services tax on big tech companies that is set to take effect on June 30. Pressure has mounted on Ottawa to put the tax on hold ahead of trade discussions with the U.S. More coming. The Canadian Press
Zawya
2 days ago
- Business
- Zawya
Saudi minister launches Khadamati portal to streamline employee services
RIYADH — Minister of Justice Walid Al-Samaani has launched the Khadamati ("My Services") portal, a unified digital platform designed to streamline access to all services available to Ministry of Justice employees. The ministry said in a statement that the initiative is part of a broader effort to boost employee performance, enhance user experience, and provide flexible and high-quality service delivery. The Khadamati portal serves as a single point of access, enabling employees to manage their details, access services, and complete tasks seamlessly. It automates routine procedures, accelerates application approvals, and reduces the time spent on administrative processes. The portal strengthens procedural governance to ensure smooth operations and alignment with institutional best practices. It also supports the ministry's commitment to modernizing its administrative framework and delivering exceptional service standards. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
