Dispelling the Streaming Tax Myth -Another Perspective
Breaking Down the Streaming Tax Myth What's at Stake? There have been a lot of opinions shared by various industry stakeholders regarding a general desire to make streamers pay their fair share and invest into the Canadian Production industry. On its surface, as a general statement, that sounds pretty virtuous - a principle we can all get behind but let's scratch beneath the surface. When it comes to funding the Canadian Screen Industry, these streamers are actually amongst the largest investors. Streamers invest into the industry in many ways and the sector relies on this investment to continue. It is a fragile ecosystem with many global competitors. If we impose an uncompetitive tax rate, that investment could be dramatically reduced by creating an economic disadvantage for our primary investors. Needless to say, this outcome would be catastrophic. Frankly, we need the Streamers ongoing support in order to grow the Canadian industry. Netflix, Amazon Prime Video, Disney+, ...