California lawmakers pass UK and Canada-like software tax that US 'fought' to remove
California lawmakers have passed a new sales tax on digital software downloads, which is expected to generate $900 million annually. The measure has faced criticism from tech lobbying groups who argue it will increase costs for businesses and stifle innovation.
Why it matters
This tax sets a precedent for how states may attempt to capture revenue from cloud-based services, potentially impacting the operational costs of major tech companies and their business clients.
California lawmakers pass software tax similar to one that the US government fought with UK and Canada to remove - The Times of India
The article presents both the government's revenue goals and the tech industry's concerns regarding innovation and costs without taking a definitive stance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in