Netflix Tax Will Soon Be Scrapped, Canada Hints in Court Filing

Netflix Tax Will Soon Be Scrapped, Canada Hints in Court Filing

Prime Minister Mark Carney’s government plans to scrap a levy on entertainment companies including Netflix Inc. and Walt Disney Co., according to a court filing, after pushback from US officials and Hollywood studios.

Feds to axe base requirement for foreign streamers to pay into CanCon: report

The so-called "Netflix tax" has been a trade irritant between Canada and the U.S.

Netflix Tax Scrapped in Canada But Streamers Face New Levy (1)

Prime Minister Mark Carney’s government plans to scrap a levy on entertainment companies including Netflix Inc. and Walt Disney Co., according to a court filing, after pushback from US officials and Hollywood studios.

Filing: Canada intends to end its 5% levy on the revenue of large streamers and plans to use public funding to replace the money lost for Canadian productions (The Wire Report)

The Wire Report: Filing: Canada intends to end its 5% levy on the revenue of large streamers and plans to use public funding to replace the money lost for Canadian productions  —  The Liberals are preparing to eliminate all funding requirements for U.S. companies under the Online Streaming Act.

BREAKING: Ottawa to scrap base contribution requirements for U.S. streamers - The Wire Report

In a recent letter to the Federal Court of Appeal, the government outlined its intention to “eliminate the base contribution requirement on streaming services and to provide government funding to replace those contributions.”