ARCHIVED CONTENT
You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.By Sharon Nelson, Esq.
According to a story from NetworkWorld , attorneys from ReedSmith have reported that the city of Chicago has implemented broad new tax regulations that target the use of streaming and cloud computing services.
In a blog post , the attorneys describe two new tax laws that took effect on July 1, 2015. One is an expansion of the city’s Amusement Tax, which levies a 9% tax on the subscription cost of electronically delivered services. This will apply to streaming music, movie and television services like Netflix and Amazon Prime.
Read the complete article at: Chicago Levies 9% Tax on Cloud and Streaming Services