Canada Plans to Scrap Netflix Tax Following US Pushback
Legal·1 article across 1 outlet
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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. This decision comes after pushback from US officials and Hollywood studios.
The move indicates a significant shift in Canada's approach to taxing foreign entertainment companies, which has faced criticism from major players in the industry.
NetflixWalt DisneyMark Carney
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“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.”
Bloomberg — Netflix Tax Will Soon Be Scrapped, Canada Hints in Court Filing