Under those rules, streaming services that are not Canadian-owned and have more than CAD $25 million (approx. USD $18.5 million) in revenue in Canada annually are required to pay 5% of that revenue into funds that subsidize Canadian content and creators.
Under that plan, 1.5% of music streamers’ revenue would go towards subsidies for local radio stations.
If I remember something kn my econ 101 class, they’re going up 2.5%, because taxes are not entirely pass to the consumer, they take a part of the company earnings too.
Lol, yea, pay your fucking taxes, grifters.
Unfortunately, that 5% fee means Spotify prices are going up 10%
If I remember something kn my econ 101 class, they’re going up 2.5%, because taxes are not entirely pass to the consumer, they take a part of the company earnings too.
Sure but then they pay more taxes. Increase in price means more revenue which means more taxes. It’s just a circle.