Canada is now taxing streaming services to “fund local content”
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A lot of woke nonsense projects are funded by the canadian government. Not ESG investment fund style, they just straight up give money to retards. Goodbye Volcano High is the one that comes to mind, but I know I've seen others.
It's hilarious how a bunch of shitposters made a better fan game with Ren'Py ahead of the actual game.
I'll never touch the official game
funded by taxing other woke nonsense. Ironic.
https://archive.ph/RSQwM
I’m missing the part where this is the private companies’ responsibility, or why the taxes they pay aren’t covering this need already. Obviously, this will just result in a 5% increase in everyone’s fees (worldwide, I’m sure, not just Canada). But I wouldn’t be surprised to see these services just pull out of Canada altogether, for fear of this shit setting a precedent.
I wish they would tbh. It'd be hilarious to see Netflix et al cancel shit in Canada and put up a website saying "your government is the reason why we're unavailable, good luck".
But they're all woke trash, and won't care.
They'll just put it as a surcharge or an excuse to jack up the rates.
Probably will just jack up the price 10% and not give a single explanation. Which is fine, I’ll just sail the seven seas like I always do
5.26%. If you want the customer to completely pay for the tax and not eat into your bottom line, you divide revenue by .95, not multiply by 1.05.
Still technically incorrect, they they would recursively need to both pay taxes on that additional 5%, and pay the new 5% tax on it as well, since it's a fee increase.
That's what the 0.26% covers, the additional revenue from hiking the price.
Say your revenue before this tax was $100, just to use easy numbers.
Of course, there's nothing stopping a company from hiking prices higher, but hiking by 5.26% is the absolute minimum to break even.
STFU, nerd!
Well, someone has to fund the
the CBCleftist propaganda outlet.Seriously. That's all this is. People are probably choosing to watch less TV, which means those indoctrination shows/channels are bringing less money from the commercials they run. Thus, the money has to be forcefully extracted somewhere else.
It's almost like content from those things isn't consumed because it's bad or something.
Ahh, corporate welfare. For when you thought that socialism and fascism weren't quite bad enough in isolation, so figured to combine them into some Frankenstein social experiment.
No, This is the CRTC (a regulator), that was the CBC (a broadcaster). It's all the same shit at the end of the day though, the Canadian government is incredibly corrupt when it comes to this sort of thing.
They're all either owned by the government, or rely on the government for so much of their funding that they may as well be
And those services being cut off in Canada in 3, 2, 1...
It’s like that old joke “socialism works until you run out of other peoples’ money.”
i just got to the part in atlas shrugged where they're starting to run out of other people's stuff to steal.
Muh food deserts.
They'll just charge Canadians more.
$15 Netflix in US will be $20 Netflix in Canada.
Just another tax on dumb people who can't figure out how to pay for US Netflix or safely torrent.
I believe I have cracked the case.
I don't know as how are they working out this percentage to tax?
If this is their GLOBAL income, they'll leave, immediately. No amount of price hike justifies ONE country demanding a set percentage out of their entire international income.
That'd have to be some kind of world trade / nafta violation.
"ordered large online streaming services to pay 5 percent of their Canadian revenue"
Which is $40 Netflix in Canadian dollars.
if my two second research is correct, Canada already has VAT. they literally already take revenue from streaming services.
No, this is tax on top of the tax, so you can tax while you tax.
Yo dawg I heard you like taxes...
The IRS has entered the chat.
The Canadian government wants more, so that they can send it to Ukraine and to men in skirts that demand the government pays for 'em to have both sets of sex organs.
Didn't this retard recently exempt Netflix from sales taxes?
Why is Castro's bastard spawn insulting our intelligence again?
No consequences means no incentive to change which leads to the same behavior and similar outcomes.
Moochers need to fund their faggotry projects
“to fund anti white propaganda”
Taxing anti-White propaganda to fund different anti-White propaganda
Taxing companies not based in Canada because of a Canadian law. That's a very smart decision and I'm sure they didn't just think this all the way through and forget jurisdiction, and the ability to tax something you don't own, in a country that isn't yours, using laws they do not have to abide by.
This has all the hallmarks of the Liberal government attached to it. Watch it cost taxpayer money somehow too. That'd surely be worth it.
Fucking morons.
If a company is generating revenue in a country, that country absolutely has the right to tax that revenue. That usually takes the form of a Value Added Tax (VAT).
Canada has 4 streaming services, 5 if you include Netflix Canada. There's StackTV, RiverTV, JustWatch and Crave. Crave being the most popular because it's not tied directly to any other service. You need amazon prime to watch StackTV for example.
Taxes like this just scream "No one cares about those other things, so we have to take your money to prop up the things no one cares about."
And that's not an effective way to keep those things going.
Counteroffer: Canada gets nothing, their citizens can buy VPNs if they want to watch our slop.
isnt that how it works anyways?? hit shows and old shows being used to fund/subsidize shitty ass woke shows.
ie Frenchies
I'm am in favor of taxing streaming services to pay for your country content actually... It's just that this is chanada or canaindia so...
If a real country did this, I would actually consider it rather based.
International streaming services are a major factor in globohomo. This is essentially a tarriff on foreign goods. But unlike cars or washing machines, where the economic argument is dicey, there is a much greater argument that the cultural impact is far more dangerous. 5% is actually not enough for what amounts to the dumbing down and mind melt that is bingeing on streaming services.
Tomorrow's headline probably: "Streaming services increase customer rates."
Saturday's headline probably: "Canada launches investigation into streaming service business practices."
"local".
I remember when locally-produced TV shows were a thing on stations the CBC bought up. Then they killed those and local news in/by the early 80s. Then the only place to get news that wasn't American or Toronto-centric was the newspaper. And we watched Detroit stations for accurate weather.