Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report

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Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.

Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and other domestic content.

In their filing with Canada’s Federal Court of Appeal, lawyers for the streaming companies said the regulator didn’t show “any basis” for why foreign streamers are required to contribute to the production of local television and radio newscasts. Charlamagne tha God tells Megyn Kelly he's 'not a fan' of Joe Biden, laments lack of third-party options

“Imposing on foreign online undertakings a requirement to fund news production is not appropriate in the light of the nature of the services that foreign online undertakings provide,” the filing added.

 

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