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Chicago instituted a "cloud tax" |
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Friday, July 10, 2015 |
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Chicago recently instituted a “cloud tax” in order to capture some of the missed revenue from the shift away from brick-and-mortar stores and toward a digital, subscription-based economy.
The recent ruling from Chicago’s Department of Finance modifies existing tax laws around amusement, translating the tax to the digital world. It means the 9-percent amusement tax now applies to services like Netflix streaming. While it’s creation seems tailored specifically to subscription entertainment services like Netflix, it may also apply to cloud-service providers, from infrastructure to cloud apps. |
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