Canada will tax online streaming companies to fund local broadcasters [TechSpot]

TL;DR


1. The Canadian government has announced plans to introduce a new tax on online streaming services, such as Netflix, Disney+, and Amazon Prime Video, in order to fund local broadcasters and content creators. This move is part of a broader effort to ensure that digital platforms contribute to the production and promotion of Canadian content, similar to traditional broadcasters.

2. The proposed legislation, known as Bill C-11, would require online streaming platforms to invest a portion of their Canadian revenues in the production of Canadian content. The specific details, such as the tax rate and the allocation of funds, are still being finalized, but the goal is to create a more level playing field between traditional and digital media.

3. The decision to tax online streaming services has been met with some criticism, with concerns raised about the potential impact on consumer choice and the ability of these platforms to remain competitive. However, the Canadian government argues that the tax is necessary to support the country's cultural industries and ensure that they can thrive in the digital age.

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