Latest in Business

Image credit:

CPCC wants to tax your iPod

Brian Liloia

Bad news for our buddies up north: Canada's Private Copyright Collective (CPCC) is hoping to tax consumers who purchase portable MP3 players, planning to compensate musicians for money lost due to copyright infringement and music copying. The Canadian federal court turned down the previous lobbying attempt made by the CPCC last year, because their law did not recognize portable players' hard drives and memory storage among its list of recording media. However, this hasn't stopped the CPCC from trying again, with a new proposal that suggests taxes on MP3 players in the amounts of $5CAD for players with up to 1GB of storage, $25CAD for players up to 10GB, $50CAD for players holding 10GB-30GB, and $75CAD for any player holding more than 30GB. Steep. In addition to MP3 players, the CPCC hopes to include memory cards (SD, MMC, Memory Sticks, etc.) to the list of taxable items. (Insert eye rolling here.)

(via MacNN)

From around the web

ear iconeye icontext filevr