08:20:39 EDT Sun 19 May 2024
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or Name
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CA



Netflix CDR (CAD Hedged)
Symbol NFLX
Shares Issued 2,150,000
Close 2023-11-29 C$ 18.97
Market Cap C$ 40,785,500
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Globe says Biden defends Amazon for not paying taxes

2023-11-30 07:55 ET - In the News

See In the News (C-AMZN) Amazon.com CDRs (CAD Hedged)

The Globe and Mail reports in its Thursday edition that the Biden administration has expressed strong concerns about Ottawa's plans to proceed with its proposed Digital Services Tax through measures tabled in Parliament this week. The Globe's Bill Curry quotes U.S. Ambassador to Canada David Cohen saying: "We are disappointed that Canada has decided to move ahead with its proposed Digital Services Tax. We will continue to engage with our Canadian counterparts to find a productive way forward." Mr. Cohen added that the U.S. will continue to support talks toward an international tax agreement. Finance Minister Chrystia Freeland tabled a package of tax measures Tuesday that includes provisions for a Digital Services Tax, or DST, which is strongly opposed by business groups on both sides of the border. The DST would be a 3-per-cent tax on certain revenue earned by large businesses from certain digital services. It is primarily aimed at large digital service providers such as Amazon, Google, Netflix and Spotify. Prime Minister Justin Trudeau told reporters that Canada is simply not prepared to wait any longer for a global deal between member countries of the Organization for Economic Co-operation and Development.

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