Netflix, Paramount, and Pluto TV 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 Canadian Radio-television and Telecommunications Commission (CRTS) ruled June 4 that as part of the Online Streaming Act, 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.
