CALIFORNIA DIGITAL ADVERTISING TAX BILL

Started by Solar, June 28, 2024, 05:30:31 PM

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Solar

This is aimed at faceplant, TwitterX and all the other big social media.
And the left thinks Nucelinni has a shot at the WH?

Watch Elon tell him to eloquently, "FUCK OFF!" :lol:  :lol:  :lol:


CALIFORNIA DIGITAL ADVERTISING TAX BILL PROGRESSES TO ASSEMBLY COMMITTEE ON REVENUE AND TAXATION
April 29, 2024
The Digital Advertising Services Tax Law passed the California Assembly Committee on Privacy and Consumer Protection with a 6-3 vote on April 23 and is now pending before the California Assembly Committee on Revenue and Taxation. If enacted, A.B. 2829 would impose a 5 7% tax on annual gross revenues derived from digital advertising services in California. The tax would be effective January 1, 2025 and would apply to taxpayers with at least $100 million in global annual gross revenue, including revenue from services other than digital advertising.


https://www.morganlewis.com/pubs/2024/04/california-digital-advertising-tax-bill-progresses-to-assembly-committee-on-revenue-and-taxation
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Solar

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Possum

Quote from: Solar on June 28, 2024, 05:30:31 PMThis is aimed at faceplant, TwitterX and all the other big social media.
And the left thinks Nucelinni has a shot at the WH?

Watch Elon tell him to eloquently, "FUCK OFF!" :lol:  :lol:  :lol:


CALIFORNIA DIGITAL ADVERTISING TAX BILL PROGRESSES TO ASSEMBLY COMMITTEE ON REVENUE AND TAXATION
April 29, 2024
The Digital Advertising Services Tax Law passed the California Assembly Committee on Privacy and Consumer Protection with a 6-3 vote on April 23 and is now pending before the California Assembly Committee on Revenue and Taxation. If enacted, A.B. 2829 would impose a 5 7% tax on annual gross revenues derived from digital advertising services in California. The tax would be effective January 1, 2025 and would apply to taxpayers with at least $100 million in global annual gross revenue, including revenue from services other than digital advertising.


https://www.morganlewis.com/pubs/2024/04/california-digital-advertising-tax-bill-progresses-to-assembly-committee-on-revenue-and-taxation
Wild ass guess, I predict in the very near future there will be far fewer companies offering digital advertising services in California. Funny how liberals always manage to shoot themselves in the foot.

Solar

Quote from: Possum on June 28, 2024, 06:13:40 PMWild ass guess, I predict in the very near future there will be far fewer companies offering digital advertising services in California. Funny how liberals always manage to shoot themselves in the foot.
i DON'T KNOW HOW THEY THINK THEY CAN COLLECT WITH SUCH AN UNCONSTIOTUTIONAL TAX? :blink:
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Possum

Quote from: Solar on June 28, 2024, 07:14:18 PMi DON'T KNOW HOW THEY THINK THEY CAN COLLECT WITH SUCH AN UNCONSTIOTUTIONAL TAX? :blink:
It would fall under California's tax laws, right????

Solar

Quote from: Possum on June 28, 2024, 07:28:12 PMIt would fall under California's tax laws, right????
Musk, X could easily walk away from ca and Nucelinni couldn't do a thing.
this is akin to when Nucelinni was trying to tax people for leaving the State, they all just laughed and left. :biggrin:
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