Hamilton Spectator: How Google searched for — and found — perfect tax havens

From the Hamilton Spectator: How Google searched for — and found — perfect tax havens “It used to be that most advertising revenues went to newspapers, TV and radio. Canadian journalists, musicians, actors and other workers in the cultural industries depended on that revenue for their jobs. Now more than a third of all ad spending goes to online advertising, which continues to grow at the expense of newspaper, radio and TV ads. Online advertising is dominated by multinational giants like Google and Facebook. And they don’t pay Canadian value added taxes such as the HST or corporate income taxes on profits generated in Canada. It creates an uneven playing field that makes it difficult for Canadian companies, who do pay sales and corporate income tax.”

%d bloggers like this: