Canada can’t tackle Big Tech on its own
new rules by one year, to 2025. The agreement will overhaul decades-old rules on how to tax multinational digital giants such as Amazon and Google, who tend to book profit in low-tax jurisdictions to reduce their bills. New rules would see governments agree to tax the companies based on their share of sales in each country.
The Liberal government is right to push back on giant global technology corporations. But doing so unilaterally is both naive and ineffective for a medium-size country like Canada. Ottawa must move in concert with allies – and could learn some things from their approaches.
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