09:21:15 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 900,398,610
Close 2017-10-04 C$ 58.69
Market Cap C$ 52,844,394,421
Recent Sedar Documents

Globe says BCE, others see Quebec planning Netflix tax

2017-10-04 07:01 ET - In the News

Also In the News (C-QBR) Quebecor Inc
Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-SJR) Shaw Communications Inc

The Globe and Mail reports in its Thursday edition that Quebec intends to carry on with a plan to coax Netflix into collecting and remitting provincial sales tax on its video-streaming service, despite an agreement with the federal government to forgo its own sales tax on the company's Canadian subscribers. The Globe's Le Perreaux writes that Carlos Leitao, the province's Finance Minister, said the video-streaming service "falls well within the basket of taxable services" and he intends to collect up to $20-million a year despite the federal deal that gave up on GST in favour of a commitment from Netflix to spend $500-million on Canadian programming over five years, including $25-million for francophone markets. The deal unveiled last week by Heritage Minister Melanie Joly has provoked disapproval in the Quebec government and among cultural and arts groups, broadcasters and other business leaders who complain the agreement provides insufficient requirements for French-language programming and also gives Netflix an unfair advantage over homegrown streaming services. Between 1.2 million to 1.45 million Quebec households have the service. Mr. Leitao was short on details for how he will tax Netflix.

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