06:09:50 EDT Fri 26 Apr 2024
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BCE Inc (2)
Symbol BCE
Shares Issued 900,398,610
Close 2017-10-04 C$ 58.69
Market Cap C$ 52,844,394,421
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Globe/CP say Rogers, others see Quebec move on Netflix

2017-10-05 09:29 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Globe and Mail reports in its Thursday edition that Quebec's political parties have formed a common front to demand companies such as Netflix pay provincial sales tax. A Canadian Press dispatch to The Globe says that members of the legislature voted unanimously for a motion to "ensure the Quebec sales tax [TVQ] is imposed on all foreign companies that offer products and services online, notably in the cultural sector, as soon as possible." The motion was in reaction to Ottawa's recent agreement with Netflix which allows the on-line streaming giant to forgo paying sales tax by investing $500-million on Canadian productions over the next five years. Quebec Finance Minister Carlos Leitao said he supported the motion, but added the province would not take any steps on taxing Netflix before getting the details of the agreement from the feds. "Netflix's service is a taxable service," Mr. Leitao said. "The issue is for the company to collaborate with the imposition of taxes. In order for that to happen, we need to know, very clearly, the position of the federal government." Sophie Pregent of Union des artistes said federal minister Melanie Joly did not realize the furor her deal with Netflix would cause.

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