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Canada panel urges taxes and domestic content rules for Netflix, other U.S. firms – Source Reuters Tech News

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo

TORONTO (Reuters) – Ottawa should require U.S. tech companies such as Netflix (NFLX.O), Amazon (AMZN.O) and Facebook (FB.O) to collect the same taxes as Canadian companies and also be subject to the same requirements for supporting domestically produced content, a Canadian government-mandated panel recommended on Wednesday.

“Our recommendations for reform are practical and actionable providing the legislative powers and regulatory tools necessary to seize the opportunities and address the risks of the digital age,” the panel’s chairwoman Janet Yale, a veteran Canadian telecoms executive, said in a press release accompanying the report.

Prime Minister Justin Trudeau’s government created the six-member panel in 2018 to examine Canada’s decades-old broadcasting and telecoms laws, and advise the government on how to bring the…

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Source Reuters Tech News

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