SPAIN TO PREPARE LEGISLATION FOR TAX ON ‘ONLINE STREAMING GIANTS’ TO FUND CINEMA

Highlights:

• Spain is considering preparing a legislation which would impose tax on the online streaming giants like Netflix
• The service providers with a turnover of more than 50 million euros will have to pay 5 percent of their revenue

The government of Spain said that, it is preparing a legislation which will be imposing 5 percent tax on the online streaming giants like the Netfl....