Trump Administration Should Target Canada's Streaming Tax: AAF
Eliminating Canada's digital service taxes, such as those it levies on foreign-based streaming platforms like Netflix and Amazon, should be a trade priority for the Trump administration and Congress, blogged Jeffrey Westling, American Action Forum's former director of technology and…
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innovation policy. The recently implemented 5% tax on non-domestic digital media companies’ online streaming revenue drives up costs for U.S. businesses, he said Monday in an AAF post. If other nations adopt similar streaming taxes, U.S. companies "will ... face increased costs with limited returns, especially as the taxes go to directly subsidize their competitors." Aside from the direct costs of Canada's Online Streaming Act, the law also requires streaming providers to use, produce or acquire certified Canadian content, which will also lead to significant compliance costs for U.S. firms, he added.