Netflix, Paramount Ask Canada Court to Amend New Trudeau Tax (1)

US streaming-service giants are asking a Canadian court to amend Prime Minister Justin Trudeau’s new 5% tax on their revenues in the country to remove the requirement that they fund local news.

The Motion Picture Association-Canada — which represents studios including Netflix Inc., Paramount Global and Walt Disney Co. — want the Federal Court of Appeal to quash new obligations forcing foreign streaming platforms to contribute to a local independent news fund as part of the Online Streaming Act.

While the companies don’t oppose the entire 5% tax — the proceeds of which will also go to other ...