Absolutely. I'll add to that. I think that Canada's backing down on the digital services tax in the face of threats from the Trump administration was a grave mistake. You cannot negotiate with a bully. I would strongly encourage Canada and other countries to move forward with the digital services tax in the absence of any possibility of moving forward at the OECD in terms of the reforms we're moving there.
It was a grave mistake for the G7 meeting in Canada to allow U.S. companies to avoid the global minimum tax as well. This is undermining the progress that has been made through multilateral negotiations over many years. Prime Minister Carney was the host of the G7 meeting that permitted U.S. multinationals, the most aggressive tax-dodging companies in the world, some of the largest companies, to continue to be outside a global minimum tax system.
There is a huge opportunity to show leadership. Canada can play a leading role in driving both domestic and international reforms to create a fair system where we have adequate funding for the public services and infrastructure everybody wants and needs.