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Digital taxes in a digital future
Canada and 136 other OECD countries have joined the two-pillar plan to address the international challenges arising from the digitalization of the economy. Pillar One seeks to reallocate taxing rights, while Pillar Two is intended to ensure an effective tax rate of at least 15 per cent. But in the new federal budget, Canada has indicated a willingness to act unilaterally on digital taxes if this two-pillar plan doesn’t come into effect.
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Baker Tilly Ottawa LLP
400-301 Moodie Drive
Ottawa, Ontario K2H 9C4

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The information contained herein is for information purposes only and is not intended to be complete in all respects. It is a summary of budget materials released by the Department of Finance Canada. It is not certain if all or parts of these materials will become law. We recommend that you consult with a Baker Tilly tax professional before acting on the basis of material contained herein.
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Baker Tilly Ottawa LLP · 301 Moodie Drive · Suite 400 · Ottawa, Ontario K2H9C4 · Canada