Digital platforms that once flew below Mexican tax authorities’ radar are turning out to be the latest tool for the nation to boost revenue as the economy is expected to contract 7.5%. — Bloomberg
As Netflix Inc thrives amid coronavirus lockdowns, the company is passing along the cost of a new digital tax to Mexican users who are hunkered down to avoid contagion.
The streaming service will charge a 16% value-added tax ordered by the government starting June to its standard and premium users. The company said it will absorb half of the tax for subscribers of its basic plan.
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