North America News

IRS Clarifies Tax Treaty References To NAFTA
by Mike Godfrey, Tax-News.com Washington
Thursday, May 28, 2020
On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. Read Full Story

US Senate Passes New North American Free Trade Deal
by Mike Godfrey, Tax-News.com Washington
Monday, January 27, 2020
On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement. Read Full Story

Canada, Mexico, US Agree Free Trade Deal Amendments
by Mike Godfrey, Tax-News.com, Washington
Monday, December 16, 2019
Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. Read Full Story

American Firms Concerned By Canadian Digital Tax Plan
by Mike Godfrey, Tax-News.com, Washington
Monday, November 25, 2019
Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy." Read Full Story

Mexico Ratifies New North American Free Trade Deal
by Mike Godfrey, Tax-News.com, Washington
Thursday, August 8, 2019
Mexico has completed its domestic ratification procedures in respect of the new US-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement, with the US and Canada. Read Full Story

Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling
by Mike Godfrey, Tax-News.com, Washington
Friday, June 29, 2018
The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an "incredible impact" on states' tax regimes and revenues, according to Mark Friedlich, Senior Director of Tax and Accounting, North America, Wolters Kluwer. Read Full Story

Canadian Business Confidence Knocked By US Tax Changes
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 12, 2018
The Bank of Canada has published the findings of its latest business outlook survey, which shows some concern among firms over the impact of US trade and tax policies. Read Full Story

Canada Confirms Challenge To US Lumber Duties
by Mike Godfrey, Tax-News.com, Washington
Thursday, December 14, 2017
Canada's Minister of Foreign Affairs, Chrystia Freeland, has confirmed the country will continue to challenge new duties introduced on Canadian lumber by the United States, which were confirmed on December 7 by the US International Trade Commission. Read Full Story

Canada Takes US Lumber Dispute To WTO
by Mike Godfrey, Tax-News.com, Washington
Wednesday, November 29, 2017
Canada has formally requested WTO consultations with the US following the latter's decision to impose anti-dumping and countervailing duties on imports of Canadian softwood lumber products. Read Full Story

US Releases Updated NAFTA Negotiating Objectives
by Mike Godfrey, Tax-News.com, Washington
Friday, November 24, 2017
The United States is to seek increased market access for its agriculture industry when renegotiating the North American Free Trade Agreement, according to an update to the country's negotiating objectives from the Office of the United States Trade Representative. Read Full Story
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