Airbnb-, Amazon-style services in focus in Canada tax proposal

Based on the wording, companies such as Netflix Inc, Amazon.com Inc and Airbnb Inc would be included in the proposals. The measures would bring in about C$600mil (RM1.88bil) next year and C$1.3bil (RM4.08bil) in the 2022-23 fiscal year, according to documents released as part of the government’s Fall Economic Statement. — Reuters

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.