Across the U.S., policymakers of both parties have developed a strong interest in taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. ing large technology companies through digital advertising taxes, social media taxes, and data taxes.
What is notably absent is any consistent rationale for these new proposals.
On this episode of the Deduction, Tax Foundation’s Daniel Bunn and Jared Walczak untangle the complex and sometimes contradictory world of state digital taxes.
Learn more about the legal difficulties, administrative challenges, and economic inefficiencies this emerging area of state tax policy faces.