WASHINGTON, D.C.- National Foreign Trade Council (NFTC) Senior Director for Trade and Innovation Brad Wood today issued a statement following yesterday’s passage of Canada’s budget implementation bill:
“We welcome news that with the passage of Canada’s budget implementation act, the government has finally followed through and repealed its digital services tax (DST).
“We thank the Trump Administration for its commitment to ending discriminatory digital and tax policies around the globe, and hope this sends a message to other jurisdictions that the United States will not stand for measures that target American firms.
“Having closed this chapter, we hope Canada and the United States can seize this momentum to reinvigorate their bilateral dialogue. It is time to redouble efforts to address what barriers remain, set a path towards renewing an upgraded USMCA, and reaffirm that the United States and Canada are more competitive and resilient as close partners and allies.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade, tax, national security and supply chain policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses, who account for over $6 trillion in revenue and employ nearly 6 million people in the United States.
