Re:Canada’s Bill C-18 and Our Search and News Products
by adjav on Thursday June 29, 2023 @05:21PM
(#36526897)
Yeah, the biggest winner under the Canadian law will be the American hedge funds who own PostMedia, the company that owns the vast majority of Canadian newspapers. But that's good apparently, since at the least the money doesn't go to those icky tech nerds.
That was exactly the sentiment in Australia when similar laws were passed there. Many, many people just said "Good, it's about time Google and Meta paid their fair share of taxes".
But they completely misunderstood they are not taxes at all, it's the Australian government collecting money, by law, to give directly to Rupert Murdoch (by law)