The Market Ticker - Here Come The Digital Taxes
Four years ago, Chicago imposed a 9% tax on streaming entertainment services, leading to a flurry of lawsuits. Now, the city has collected $2 million in sales tax from Sony and two online ticketing services, making it the first major city to collect such a tax successfully, Bloomberg reported.
This gets interesting for a number of reasons. Chicago was once known as extremely friendly when it came to online services in their (and Illinois) tax code, dating back to the Telenet/Tymnet days (yes, I do go back that far — into the old X.25 networks!)
Now of course they’re the exact opposite; the city has become a voracious tax-grabber via virtually anything it…….
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Source: https://www.market-ticker.org/akcs-www?post=235874
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