Canada�s top court has put to rest a special tax on digital music players that had been intended to compensate musicians for illegal use of their content, cheering levy opponents who argued it unfairly punished people who use MP3 devices for photos and non-music data files. A Federal Court had struck down the policy last year but the Canadian Private Copying Collective (CPCC), which collects tariffs on behalf of musicians and record companies, later appealed the case. The Supreme Court of Canada declined to hear further arguments on the case Thursday, all but killing the tax and ensuring MP3 devices will remain cheaper for Canadian consumers. The CPCC started taking taxes on MP3 players in December 2003 after arguing that MP3 players like iPods were a way to make illegal copies of songs. The levy, the CPCC argued, was a way to pay music creators for unfair use of their work. Originally created for blank audio cassette tapes, the tax is also applied to blank CDs and was extended to MP3 players. The player taxes were built into the prices of the devices. A CAN $2 ($1.63) tax was levied for a device with non-removable memory of up to 1 GB, CAN $14 for one with memory up to 15 GB, and CAN $25 for one with more than 10 GB.
Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...