Wednesday, September 9, 2015

Taxes on Digital Goods

Because many states are not yet taxing digital goods, this has caused a decline in tax revenues as sales of physical products (such as DVDs) decline. This article discusses new taxation policies states are considering, such as taxes on digital subscriptions and cloud computing services. Should taxation policies on digital goods mirror those on physical goods or not?

2 comments:

  1. I thought this was a pretty interesting read. I remember reading about Chicago's 'Netflix tax' this summer. As much as I enjoy not paying taxes on digital goods I consume I think that tax law needs to be reformed to account for digital goods in some way. I don't know that they necessarily will need to mirror how physical goods are taxed. But some sort of tax revenue needs to be generated to help make up for the loss of tax revenue when only physical goods existed.

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