The 15% “TAX” headline is COMPLETE LIE. A misrepresentation - READ THE ARTICLE. It is NOT a TAX but a requirement that streamers spend 15% of Canadian revenue to PURCHASE or CREATE CANADIAN CONTENT. This is a Canadian content law. NOT A TAX.
The 15% “TAX” headline is COMPLETE LIE. A misrepresentation - READ THE ARTICLE. It is NOT a TAX but a requirement that streamers spend 15% of Canadian revenue to PURCHASE or CREATE CANADIAN CONTENT. This is a Canadian content law. NOT A TAX.
One thing I like is that the revenue from these taxes go explicitly to the threatened industries. So the more that Canadians stream US works, the more money there is for Canadian tv, movies and radio to compete. Too often, income like this is directed into a general revenue stream, leaving the threatened industries with the same or even less resources to compete with.