[bstockton]

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]

You 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]

How does 2% * 4% = 25% * 16%?

[x0x0]

If 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]

25% * 16% = 4%.

He's saying they're taking 16% of Canadian profit. Or maybe his numbers are off.

[z_]

Don’t ruin their fiction with facts.