Convergencialatina
Monday, August 19, 2019

Taxation of new platforms of the digital economy

France went ahead with the creation of a tax that angered the US, but to which Italy, Austria, Poland and the Republic will surely join in the short term. In Latin America, regulators plan to tax OTTs, but there are no uniform criteria and so far taxes fall on the final consumer.

In 2020 the European market will launch the obligation that the OTT of audiovisual content (Netflix, HBO, Amazon, etc.) dedicate 30% of their catalogs to local productions. The standard was approved by the European Parliament, the European Council and the European Commission. The strategy aims to boost the expansion of the local industry, although Netflix in Spain already has 15 series under development (in April it opened a content production center in Madrid and the first in Europe), while Amazon announced two series and HBO has three fiction novels underway.

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