Media ownership rules under fire

Article Abstract:

The Canadian federal government has been encouraged by media analysts to introduce reforms to the country's Income Tax Act, which has strongly prevented foreign entities from establishing a presence in the Canadian market. The law has made it very unprofitable for non-Canadians to engage in newspaper publishing since it prevents publishers from applying for tax deductions for advertising if more than 25% of the firm is foreign-owned. Industry analysts and observers also point out that the law has curtailed competition in the newspaper publishing business.

Comment:

Canada: The federal government has been urged by media analysts to introduce reforms to country's Income Tax Act

Government regulation (cont), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Aid & Regulation-Total Govt, Industrial policy, Government regulations, Article

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Tax status no worry to Post advertisers

Article Abstract:

Advertisers at the Post show no signs of worry despite the fact that Hollinger Inc.'s chairman, Conrad Black's declaration that he will renounce his Canadian citizenship, could alter Hollinger's Post newspaper tax status which allows ads placed in the paper to be written off as a business expense by advertisers.

Executive changes & profiles, Advertising, Advertising and Related Services, Legal/Government Regulation, Newspaper Advertising, Behavior, Marketing industry

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Ottawa gears up to review Black's assets

Article Abstract:

The Canadian government reviews the holdings of Hollinger Inc.'s Conrad Black after he threatens to renounce his Canadian citizenship. His new status would give Hollinger's ownership a percentage of non-Canadian owners which would exceed limits to qualify for special newspaper tax breaks.

Public affairs, Investigations, Tax policy

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