State lawmakers — angered by big technology’s patterns of tax avoidance and hungry for new dollars to offset pandemic-related revenue losses — are targeting one of the biggest potential sources of untapped tax revenue: online advertisements.
A half-dozen states are weighing measures in upcoming legislative sessions to tax the surging revenue stream — nearly $125 billion last year — after similar bills considered this year failed to become law.
Look to Maryland to lead the way early in 2021 with a one-of-a-kind gross receipts tax on digital ads targeting tech giants such as Amazon, Apple, Facebook, Google and Netflix. New ...
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