‘For all we know, it could be the value of its forgone taxes all these years,’ says Rudy Buttignol
September 29, 2017
The president and C.E.O. of B.C.’s Knowledge Network says the new deal between American streaming company Netflix and the federal government lets down Canada’s film industry.
Rudy Buttignol said the recent policy announcement allows Netflix to continue operations in Canada entirely tax free and outside regulations set by the Canadian Radio-television and Telecommunications Commission (CRTC).
On Thursday, federal Heritage Minister Mélanie Joly announced the internet streaming service will spend at least $500 million over the next five years to fund original Canadian productions.
After months of public consultation, Joly delivered the news as part of a speech where she outlined her vision for the future of Canadian content and cultural industries in the digital world.
In a conversation with CBC’s Stephen Quinn during On the Coast, Buttignol expressed his concern about the investment.
“Netflix has been enjoying the benefits of operating in Canada and it has never had any regulations,” said Buttignol.
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