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submitted 1 year ago* (last edited 1 year ago) by sik0fewl@kbin.social to c/canada@lemmy.ca

Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Chrystia Freeland said.

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[-] MooseGas@kbin.social 0 points 1 year ago

Yes you will. All costs are passed down to the consumer. Including taxes.

[-] Greg@lemmy.ca 8 points 1 year ago* (last edited 1 year ago)

If big tech companies could get away with charging you more they'd be doing it already. These are tech monopolies and taxing them is a good thing.

Also, it's a tax on revenue not sales anyway.

[-] MooseGas@kbin.social 1 points 1 year ago

They have been increasing prices. They have also removed basic services and account sharing.

It's not taxed on net income, but gross revenue. Semantically, it's a "revenue" tax with the same effect as a sales tax. They collect $100 and get to keep $3. I appreciate the wishful thinking, but it will passed on to customers.

The Canadian solution to every problem is always "more tax".

[-] EhForumUser@lemmy.ca 4 points 1 year ago* (last edited 1 year ago)

The Canadian solution to every problem is always “more tax”.

Well, traditionally it is: Establish a monopoly/monopsony.

But with US companies already entrenched, it is a little late for that. "More tax" is our fallback plan.

[-] villasv@lemmy.ca 2 points 1 year ago* (last edited 1 year ago)

So what prices specifically you think might be affected? Oculus Quest and Pixel phones? Cost per ad on Instagram? YouTube Premium monthly subscription?

[-] zephyreks@lemmy.ca 1 points 1 year ago

Good. Then it'll help Canadian companies carve out niches for themselves and contribute back to the Canadian economy.

this post was submitted on 19 Jul 2023
97 points (97.1% liked)

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