Is Canadas Netflix tax worth the hassle its getting from the U.S.?
News Source : CBC News
News Summary
- The federal government implemented the Online Streaming Act three years ago.
- It requires all streaming companies with at least $25 million in annual Canadian revenue to put five per cent of that into national funds.
- The Motion Picture Association of Canada says the act "disadvantages American companies and undermines competitiveness" A Republican congressman proposed a bill requiring the U.S. Trade Representative to investigate the tax, and take retaliatory action if it's deemed an unfair trade practice.
- So is the act worth all the hassle it's getting from the United States?
- CBC's The House spoke to experts about why this bill has generated so much controversy.
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