Cable / Telecom News

Liberals will tax and regulate digital giants if they win


OTTAWA – The federal Liberals want multinational tech giants, such as Facebook, Google, Amazon and Apple, to “pay their fair share” and presumably help offset the $9.3 billion in new investments the Liberal Party announced for 2020-21 in its detailed platform released on Sunday.If Justin Trudeau’s Liberals hang onto power, they plan to introduce a 3% tax on revenue generated through the sale of online advertising and user data by digital companies with global revenues of at least $1 billion a year, and Canadian revenues of at least $40 million a year. This new tax would apply starting in April...