news 
**Canadian Court Halts “Streaming Tax” for Music Platforms**
A Canadian court has temporarily halted the implementation of a new tax on music streaming services, including Spotify, Amazon Music, and Apple Music. The so-called “streaming tax” would have required these companies to pay a percentage of their revenue to support the country’s artists and music industry.
According to recent reports, the Court of Appeal for Ontario has granted an injunction request from the International Association of Sound Recordings (IAS), which represents major record labels and artists. The organization argued that the proposed tax was unconstitutional and would unfairly harm the music industry.
The court’s decision temporarily pauses the implementation of the “streaming tax,” allowing both parties to revisit and renegotiate the terms. The move comes as a significant blow to the Canadian government, which had previously announced plans to introduce the new tax.
IAS officials have expressed relief at the court’s ruling, stating that it would allow them to re-engage in constructive discussions with the government to find a more equitable solution for the music industry. The organization emphasized its commitment to supporting artists and creators while promoting a healthy and sustainable business environment.
The controversy surrounding this “streaming tax” has sparked intense debate within the music industry, with many arguing that it would unfairly burden streaming services and potentially harm their ability to support new and emerging artists.
Source: www.billboard.com
