Canada to tax tech giants as planned despite framework G7 tax deal, says Freeland

Video: G7 Finance Ministers Wrangle Over Global Tax (Bloomberg)

G7 Finance Ministers Wrangle Over Global Tax

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Canada is proceeding with its plan to tax technology giants next year even as the world’s wealthiest democracies proposed a new global tax framework that includes plans to impose a levee on the firms, federal Finance Minister Chrystia Freeland said Saturday. 



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© Provided by The Canadian Press


Her remarks came following a meeting of G7 finance ministers, who hammered out details of the possible global taxation plan during talks held in London. 

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The Group of Seven wealthy democracies agreed to support a global minimum corporate tax of at least 15 per cent to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. They also endorsed proposals to make the world’s biggest companies — including U.S.-based tech giants — pay taxes in countries where

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Ang Mo Kio is a bustling little town filled with tons of amenities, public transport, and people from all walks of life. It sits within the North-East region of Singapore and is commonly abbreviated as AMK, meaning ‘the red-haired man’s bridge’ in Hokkien. Ang Mo Kio also derived its name from the bridge over Kallang River, built by Johnson Turnbull Thomson in the 1840s.

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