Canada is now taxing streaming services to “fund local content”
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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