4 ms·
I was little confused after reading the article exactly how this would work. I checked out the actual regulations and found this formula and explanation: > (In
by bstockton 3y ago
I was little confused after reading the article exactly how this would work. I checked out the actual regulations and found this formula and explanation:
> (Intermediary global revenue) × (Canadian share of global GDP [≈2%]) × (Contribution rate [4%])
Proxy for “Canadian revenue”
Intermediary global revenue
This figure refers to the annual global revenue of a digital news intermediary. It excludes other unrelated revenues from the company operating the intermediary.
Doesn't seem like a very fair or accurate way to implement it regardless of whether this is a good idea or not.
- x0x0 3y agoYou can see why Meta, and likely Google, are quitting news though. eg Google's profit was approx 25% 2022q3. So this would be a 16% of profit tax. Oof.
- chongli 3y agoHow does 2% * 4% = 25% * 16%?
- z_ 3y agoDon’t ruin their fiction with facts.
- x0x0 3y agoIf profit is 25% of revenue, then 4 percent of revenue is 16 percent of profit. Not sure what your equation is besides randomly putting numbers on a line.
- kbelder 3y ago25% * 16% = 4%. He's saying they're taking 16% of Canadian profit. Or maybe his numbers are off.