Friends of Canadian Broadcasting calls for an end to tax subsidies for U.S. social media giants
Facebook, Google, and Amazon, on the other hand, aren’t subjected to this rule because, get this, they’re not media outlets.
That’s prompted Friends of Canadian Broadcasting to launch an online petition
asking four federal party leaders—Justin Trudeau, Andrew Scheer,
Jagmeet Singh, and Elizabeth May—to “officially commit to closing the
internet advertising tax loophole at once”.
It’s estimated that more than 70 percent of all digital advertising in Canada goes to Facebook and Google.
According
to the Friends of Canadian Broadcasting, the loophole has caused
“nearly $6 billion to leave the country, at the expense of Canadian
journalism and democracy”.