Is the taxman eyeing iTunes?

MacWorld on how California narrowly avoided a digital tax and how the fight is far from over.

"This week, a controversial proposal in the California State Assembly that would have extended the state’s sales tax to include digital downloads of media such as books, movies, and music (including ringtones) was narrowly defeated in a hearing of that body’s budget committee.

... Assemblyman Calderon estimated that the additional taxes from downloads which would also cover the immensely lucrative digital pornography market—could bring $500 million in annual additional revenue into the state of California, which has suffered from significant budget shortfalls in recent years. "

Image fromThe Tax Club.

emily | 3:17 PM | News, Buzz |
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