Canada's "Linked Tax" Can't Replace a Real Tax
news.bloombergtax.com
news.bloombergtax.com
Can you explain how this hurts small start-ups?
Presumably he is talking about news startups. For instance, a news agency with fewer than two employees is not eligible to receive the funds. This makes it difficult to bootstrap a startup news organization while the established players are sitting there collecting free money from the government.
Is the US any better? Certainly there is more competition. But Europe is likely the only part of the world that has gotten media and telecom right in a democratic way, providing efficient and cheap internet and mobile access while supporting good journalism.
My understanding is that when Verizon tried to enter Canada, Robelus lobbied hard to keep it out.
Australia implemented one 2 years ago - the big players did deals with the big newspapers, the small newspapers suffered.
Now it is simply a payment from Google going mostly to the big telecom companies. Their lobbyists are the ones who wrote the original bill and this was always simply about getting more money for them.
The final agreement involves a simple lump sum, recurring payment from Google to (mostly) Rogers and Bell.
It's a more pure form of shake down, but it's less harmful to the web.