OTTAWA, July 18 (Reuters) - Canada sees a path forward in reaching international consensus on digital services taxes, and a decision to not back a global agreement on freezing the implementation of domestic taxes was taken in the national interest, Finance Minister Chrystia Freeland said on Tuesday.
Last week, most countries with planned digital services taxes agreed to hold off applying them for at least a year longer than what was agreed initially as a global tax deal to replace local taxes was pushed back.
Ottawa did not back that deal to extend, saying such a delay would put Canada at a disadvantage relative to countries that have been collecting revenue under their pre-existing digital services taxes.
Freeland, in India to attend G7 and G20 meetings, said she had good conversations about finding a path forward on digital services taxes.
More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational companies.
Persons:
Chrystia Freeland, Freeland, Ismail Shakil, Steve Scherer, David Ljunggren, Matthew Lewis
Organizations:
OTTAWA, Finance, Ottawa, Apple, Thomson
Locations:
Canada, New Delhi, Freeland, India, Ottawa