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Trudeau Pledges New Taxation on Global Tech Giants

Sept. 23, 2020, 6:53 PM

Prime Minister Justin Trudeau pledged his government will seek to address tax avoidance by global digital companies.

  • Trudeau made the promise in a speech to parliament, as one of the government’s priorities
  • Pledge was part of the government’s longer-term objectives, including plans to tax extreme wealth
  • “In the longer term, the Government will focus on targeted investments to strengthen the middle class, build resiliency, and generate growth. The Government will also identify additional ways to tax extreme wealth inequality, including by concluding work to limit the stock option deduction for wealthy individuals at large, established corporations, and addressing corporate tax ...