Netflix Inc. offered more details on Tuesday about the streaming company's plans to spend $500 million on making Canadian content, as it defended its tax status in Canada. "That says more about the quality and strength of Canadian content, talent and crew than a commitment of any dollar amount." How to ensure the promise is keptSpending $500 million would represent a major commitment to Canadian content producers. Under Canadian law, foreign online services like Netflix aren't required to collect and remit sales tax," said Corie Wright, Netflix's director of global public policy. If Canadain content producers "feel that they have a government that has their back to create content for a global stage, it's going to be like a warm wind," she said.

Source: CBC News October 10, 2017 12:26 UTC