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Stock impact report

Facebook misses Jan. 1 deadline to collect Quebec sales tax, while Amazon, Apple, Google, Netflix and Spotify comply [Toronto Globe and Mail (Ontario, Canada)]

Meta Platforms, Inc. - Class A (FB) 
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Facebook misses Jan. 1 deadline to collect Quebec sales tax, while Amazon, Apple, Google, Netflix and Spotify comply Quebec says 76 international companies – including Amazon, Apple, Google, Netflix and Spotify – are all complying with new provincial rules requiring them to collect sales tax from Quebec customers. However Facebook Inc. is not on the list. The province said the social media giant requested an extension and the government expects it will start charging sales tax on online ad sales within weeks. “We’re very pleased with the results,” said Stéphane Dion, a spokesperson for Revenu Québec. Story continues below advertisement Quebec’s new rules took effect on Jan. 1 and stand in contrast to the federal Liberal government, which is resisting calls to take a similar approach. Revenu Québec released an update Wednesday on the roll out of the new policy. The provincial tax agency released a list Quebec Finance Minister Éric Girard said in a statement that the goal of the policy Show less Read more
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