You are correct. There is a lot of misinformation in this thread. There is a good explainer below, but a couple of key takeaways:
“So [tech companies] would compensate Canadian news media organizations for the revenue that they’re taking away in terms of online advertising,” he says.
“Put this in perspective– just between the duopoly of Google and Meta, they have 80 per cent online advertising market share — that’s the vast majority of advertising in Canada.”
He adds that the bill is looking to preserve Canadian news media organizations and give them a fighting chance.
“The reason is, in the course of the last 15 years, more than 450 local Canadian news sites, newspapers and so forth have gone out of business, and that’s due to the huge economic power and influence of big tech — they basically put them out of business,” he says.
As per the explanation on the government’s website, Bill C-18 imposes an “obligation on dominant digital platforms to negotiate” compensation with news media organizations — as was seen when Australia passed similar legislation.
“In Australia they passed legislation — which is what Canada’s following — but they never had to get to the point of actually taxing big tech because the threat of legislation was enough to get the parties to negotiate a settlement,” he says.
https://toronto.citynews.ca/20...