Canada will introduce digital service tax on tech giants from 2022

In a statement Canadian Trade Minister Mary Ng said, Toronto has reiterated to Washington that it plans on going ahead with a digital services tax; the potential move is likely to impact U.S. tech giants including Facebook and Alphabet Inc’s Google. Ng made the remarks in bilateral talks with U.S. Trade Representative Katherine Tai, who has…

Canada’s Telus Corp scheduled to launch 5G services with Huawei: Telus Corp’s CFO

In a statement by Canadian telecom operator Telus Corp’s Chief Financial Officer Doug French, the telecom operator is scheduled to roll out 5G services with the help of Huawei Technologies Co Ltd’s equipment. “It’s important for us to launch our network when the time is right…” said French in a statement while adding the company…

Canada likely to approve extradition of Huawei’s CFO to the U.S.: legal experts

Canada has until midnight on Friday (0500 GMT Saturday) to announce its decision. On Friday, in a potentially significant development, Canada is expected to announce that the extradition hearing against Huawei Technologies Co Ltd’s Chief Financial Officer can proceed, opined legal experts. In December 2018, Canadian police had Meng Wanzhou, Huawei’s CFO in Vancouver at…

Halifax judge Michael Wood provides Canadian cryptocurrency Quadriga temporarry relief from creditor lawsuits

Gerald Cotten, 30, died in India from complications from from Crohn’s disease. He was the only person who knew the passwords to Quadriga’s digital wallets which contained $137.13 million worth of cryptocurrencies, shows court filings. As a stop solution, Halifax judge Michael Wood has ordered a 30-day stay on filing claims against Quadriga, a Canadian…

U.S. launches formal charges against Huawei Technologies Co., Ltd & CFO Meng Wanzhou

The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…