The Press: The 80% Solution

Amid a rising tide of nationalist sentiment, a committee of Canada's House of Commons is expected this week to end work on Bill C-58, which at first glance looks like a relatively minor amendment to the tax code. Yet the measure, introduced by Pierre Elliott Trudeau's Liberal government last April and virtually assured of passage, could profoundly alter the shape of Canada's magazine industry.

The government wants to prohibit Canadian companies from deducting, as a business expense, the cost of buying advertising space in the Canadian editions of Reader's Digest and TIME. The two magazines, which are published in separate editions for...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!