Posted on

Maryland Nears Country’s First Tax on Big Tech’s Ad Revenue


State politicians, struggling with yawning budget gaps from the pandemic, have made no secret about their interest in getting a bigger piece of the tech industry’s riches.Now, Maryland’s lawmakers are on the verge of taking a new slice, with the nation’s first tax on the revenue from digital advertisements sold by companies like Facebook, Google and Amazon.The state’s House of Delegates voted on Thursday to override the governor’s veto of the proposed law, and the State Senate is expected to follow suit. The tax would generate as much as an estimated $250 million in …

Read More