The second UN Open Ended Working Group (OEWG 2021-2025) on developments in the field of ICTs in the context of international security held its first substantive session 13–17 December in New York. The group discussed substantive issues under its mandate: study of existing and potential threats to information security, applicability of international law to cyberspace, implementation and further development of rules, norms, and principles of responsible behaviour of states, and confidence-building measures and capacity building, as well as exploring the possibility of establishing regular open-ended institutional dialogue under the auspices of the UN. A detailed report is available in our report from the session.
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Canada proposes digital tax (if OECD rules not yet in place)
Canada’s Finance Minister Chrystia Freeland has proposed a digital tax: if enacted, the draft law would impose a 3% digital sales tax as of 1 January 2024, on revenues earned from 2022 onwards, but only if the OECD global tax rules are not yet in force by that time.
In the statement, the spokesperson of the Office of the United States Trade Representative (USTR), Adam Hodge, said that Canada’s proposed tax rules ‘would create the possibility of significant retroactive tax liabilities with immediate consequences for US companies. If Canada adopts a DST, USTR would examine all options, including under our trade agreements and domestic statutes.’