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by cma 901 days ago
No it also hurts small developers that need funding. Publishers and investors work on a hit model, giving advances to lots of small projects in the hopes that they have a hit. If all hits at taxed at 30%, then the available funding for everyone goes down.

If the government added an additional 50% tax on books that sold over a million copies, it would affect funding for many more authors than the ones with books over the threshold.

1 comments

Luckily, small developers are unlikely to reach the $1m pa to qualify for the 30% fee. They’ll be subject to 15%.
Reread, I wrote about small developers getting way less funding, because the successful ones that grow into big companies fund the rest of the investors' portfolios, similar to all other publishing.