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...
To continue reading:
or
Log-In
