WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon today issued a statement following the Notice of a Ways and Means Motion to introduce a bill that would implement a Digital Services Tax (DST):
“Despite the modest revisions, Canada’s plan for a DST still remains fundamentally unwise tax policy and targets American technology providers. At a time when the United States and Canada should be working closely together to address broader global challenges, their insistence on moving ahead with this measure will hinder efforts to reach an international consensus on issues of taxation involving the digital economy and threatens to encourage a patchwork of country-specific DSTs that undermines efforts to reach a more durable global system.”
“We will continue to urge Canada to reconsider implementation of their DST and to focus instead on the multilateral process underway at the OECD.”
About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax 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.