MD Makes Changes to Digital Ad Tax

State legislators in Maryland approved legislation this week making substantive changes to a first-in-the-nation tax on digital advertising, though business groups still strongly oppose the bill. The bill passed by the state Senate on Monday delays the tax’s effective date from Jan. 1, 2021 to Jan. 1, 2022, creates an exemption for broadcasters and news… Read more »

Digital Ad Tax Bills Rapidly Proliferating at State Level

With the COVID-19 pandemic exerting enormous budget pressure on state and local governments, more states under tight fiscal restraints are looking to raise revenue by taxing online advertising. Taxing internet ads could raise a lot of money, but business groups strongly oppose the proposals, citing free speech concerns and the negative impact the tax would… Read more »

MD Assembly Plans to Override Ad Tax Veto

The Maryland General Assembly is reportedly working to override Gov. Larry Hogan’s veto this past summer of a controversial proposal to tax digital advertising revenues. To help pay for a plan to revamp Maryland public schools, Democratic state legislators came up with the proposal at the beginning of the year to levy as much as… Read more »

Global Digital Tax Plan Rewrite Taking Shape

After U.S. officials effectively withdrew from months-long international negotiations on a global digital tax plan, the Organization for Economic Cooperation and Development (OECD) said this week it will offer some changes for consideration in October. The OECD has been trying to reach agreement among nearly 140 countries on a global tax overhaul to address how… Read more »

U.S. Pulls Out of Digital Tax Talks

The U.S. government has withdrawn from months-long international negotiations on a digital tax deal that Trump administration officials believe would unfairly target large U.S.-based tech companies. The Organization for Economic Cooperation and Development (OECD) has been trying to reach agreement among nearly 140 countries on a global tax overhaul to address how “consumer-facing” digital giants… Read more »