The CRTC notes that the money will be used to increase funding for local and Aboriginal broadcasting in the region, broadcasting local radio and television news, French-language content, Indigenous content and other types of programming created by and for equity-deserving communities. , official language minority communities and Canadians of diverse origins. The new regulation is designed to begin to apply in 2024-2025 for platforms such as Amazon, Apple, Disney, Google, Netflix and Paramountand even music services like Spotify.
This tax will apply to all those services that generate at least $25 million per year in Canada. However, its implementation on audiobook platforms, podcasts, video game services or on sites with user-generated content is not considered, that is, Youtube is out. According to CRTC President Vicky Eatrides, this decision will ensure that online streaming services make significant contributions to Canadian and Indigenous content.
For its part, Michael Geist law professor at the University of Ottawa, warns that end consumers are likely to be the ones who end up paying for the new legislation, either with fewer service options or higher rates. And he would not be surprised if companies announce new levels with ads included or if rates directly grow to compensate for that money that the government has taken away.
In Mexico Similar proposals have already been made but so far they have had no effect. Since 2019, it was suggested that any platform of foreign origin be charged a special tax of 7%, or up to 15% if they did not have an official address in the country, dedicating 40% of the proceeds to social coverage in telecommunications in remote rural communities. However, they all have a presence from their parent companies so users have not been affected.
Via: AC
Author’s note: Let’s hope that this rule does not also apply to those of us who live on this side of the world, since paying more has become quite common. Anyway, for now those affected are the citizens of Canada.
#Streaming #services #pay #taxes