66 Canada is now taxing streaming services to “fund local content” (media.kotakuinaction2.win) posted 114 days ago by Ahaus667 114 days ago by Ahaus667 +66 / -0 49 comments download share 49 comments share download save hide report block hide replies
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.