New Taxes on the Digital Economy: A Closer Look at the New York Data Tax Proposal
By EsqSocial Corporation 25/03/21
Over the last year, state and local governments have proposed a variety of novel taxes on the digital economy, including taxes on digital advertising and social media platforms. Two factors have motivated these proposals: (1) closing budget gaps by taxing out-of-state companies and (2) addressing perceived public policy concerns with out-of-state companies profiting on information of in-state residents. The latest in this line of tax proposals has been a New York proposal to impose an excise tax...
By: BakerHostetler