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Netflix-, Amazon-Style Services in Focus in Canada Tax Proposal

  • Trudeau to hit streaming and digital services with sales tax
  • Government’s move aims to address complaints about loophole
Logos Of FAANG Tech Companies
Photographer: Jason Alden/Bloomberg

Canada’s finance department unveiled plans to levy new taxes on foreign technology companies to increase government revenue amid rising deficits.

Finance Minister Chrystia Freeland has proposed charging a sales tax beginning July 1 on foreign companies that sell goods and services online in Canada. Other measures include new levies on short-term accommodation.