An Ontario woman is now charged in connection with a Facebook Marketplace scam that saw 28 people defrauded out of Taylor Swift concert tickets worth almost $70,000, police say.
But how else will ticketmaster get a cut each time the ticket is resold. Also on a resale of a ticket through ticketmaster the tax is applied once again. And the more expensive the resale ticket is, the higher the cut ticketmaster gets.
Transfers between family don’t get taxed as they are not “sold”.
Seems like governments won’t do anything because each resale gives tax revenue.
Kind of like that time Canada was trying to figure out how to tax private second hand sales on platforms like facebook marketplace and kijiji to name a few.
The artists allow it because they take a cut of the fees and are happy for Ticketmaster to play the bad guy.
All the artist has to do is make the tickets non transferable if they really cared.
But how else will ticketmaster get a cut each time the ticket is resold. Also on a resale of a ticket through ticketmaster the tax is applied once again. And the more expensive the resale ticket is, the higher the cut ticketmaster gets.
Transfers between family don’t get taxed as they are not “sold”.
Seems like governments won’t do anything because each resale gives tax revenue.
Kind of like that time Canada was trying to figure out how to tax private second hand sales on platforms like facebook marketplace and kijiji to name a few.