Canada is now taxing streaming services to “fund local content”
(media.kotakuinaction2.win)
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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.