Rahm Emanuel’s Chicago to begin taxing online entertainment

July 6, 2015

Chicago officials have found a way to tax “the cloud.” Digital media companies and Chicagoans will now be slapped with a 9 percent “cloud tax” on streaming services, including popular entertainment outlets such as Netflix, through which city officials aim to generate $12 million. Collections will begin Sept. 1. According to the Chicago Sun-Times, the city…

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