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Category: sales taxes

Maryland Becomes First State in Country to Place a Tax on Big Tech’s Digital Advertising Revenue

Maryland Becomes First State in Country to Place a Tax on Big Tech’s Digital Advertising Revenue

Photo: Loic Venance/AFP (Getty Images) Maryland decided to take a chunk of Big Tech’s advertising dollars on Friday, successfully passing legislation that would place a maximum tax of 10% on revenue from digital ads. Analysts estimate that the tax will generate about $250 million in its first year, money that the Maryland says will go …

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