Tax Happy.What better way to make money than to have the taxman rake in rake in Verb Informal to acquire (money) in large amounts Verb 1. rake in - earn large sums of money; "Since she accepted the new position, she has been raking it in" shovel in your take? The American recording industry starting pressing for that idea back in the '80s, declaring victory in October 1992, when President George Bush signed the Audio Home Recording Act. That law taxes all digital audio recording devices at 2 percent of the wholesale price and all digital audio recording media at 3 percent of the wholesale price. The money is then routed back to the Register of Copyrights and Librarian of Congress The Librarian of Congress is the head of the Library of Congress, appointed by the president with the advice and consent of the Senate. Librarians of Congress
Now officials at the Copyright Board of Canada The Copyright Board of Canada is an economic regulatory body empowered to establish, either mandatorily or at the request of an interested party, the royalties to be paid for the use of copyrighted works, when the administration of such copyright is entrusted to a have taken the idea a step further, slapping a tax on all recording media, analog and digital] alike. The estimated $9 million take will then be sent to Canada's Heritage Ministry to support "uniquely" Canadian artists The arts have flourished in Canada since the 1900s, and especially since the end of World War II in 1945. Government support has played a vital role in their development, as has the establishment of numerous art schools and colleges across the country. , composers, and publishers--including, in theory, such hand-to-mouth acts as Shania Twain and Celine Dion. The tax adds 23 cents to the price of every blank cassette and up to 61 cents to each digital format, such as mini-discs or burn-your-own CDs. There are exemptions for a number of users, including religious organizations, broadcasters, law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , courts, and education officials. Interestingly, the music industry managed to exempt itself, along with its buddies in the advertising world. The scheme has already ignited ig·nite v. ig·nit·ed, ig·nit·ing, ig·nites v.tr. 1. a. To cause to burn. b. To set fire to. 2. To subject to great heat, especially to make luminous by heat. a Web-based protest at sites like www.canthetax.com, but like its U.S. cousin, the Canadian private tax is likely here to stay. |
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