Canadian streaming giants challenge Trudeau's 5% tax on their revenues for local news support.
Canadian streaming giants Netflix, Paramount, and others ask a Canadian court to quash Prime Minister Trudeau's new 5% tax on their revenues, which is meant to support local news. The companies argue that the requirement is discriminatory and contradicts a goal of creating a modern, flexible framework for global streaming platforms. This is the latest pushback by US companies against Trudeau's effort to divert money from foreign companies into Canada's media and news sectors.
July 04, 2024
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