
Netflix, Disney Ask Court to Amend Federal Streaming Tax for Local News Content
Published on July 5, 2024
Netflix, Paramount, and Disney+ are asking a Canadian court to review Ottawa’s new rule that requires U.S. streaming companies to pay a 5 percent tax on revenues made in the country. The CRTC ruled June 4 that American streaming services will be required to pay the tax on all Canadian revenues, with 1.5 percent of the funds going toward local news, starting in the 2024–2025 broadcast year. It has been estimated the tax will bring in $200 million annually. The Motion Picture Association-Canada, which represents the companies, is fighting the tax and has filed both a leave to appeal and a judicial review application with the court....
