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%
Sure. That just means that Canadian consumers of Spotify will be indirectly subsidizing Canadian artists.
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.
He ce Spotify prives going up 10, to make sure company profits are covered and then some
Sure but then they pay more taxes. Increase in price means more revenue which means more taxes. It’s just a circle.