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Canada | G7 releases statement on Global Minimum Tax (Pillar Two) and Canada rescinds digital services tax

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Canada

  • On 28 June 2025, the G7, under Canada's presidency, released a statement describing a "shared understanding" that a "side-by-side system" approach to the OECD's Pillar Two framework could stabilize the international tax system and address concerns over perceived unfair foreign taxes.
  • Concurrently, Canada announced it will rescind its Digital Services Tax Act, halting the planned collection of the t…

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