Big Tech won big in the pandemic. Now some nations say, pay up.
On Feb. 12, Maryland passed a digital advertising tax directed specifically at Big Tech companies, the first of its kind in the United States. This tax struck a particularly sensitive chord, in a year that saw technology companies reap record profits while much of the globe suffered profound loss.
“At a time when Maryland’s budget is being impacted in unforeseen and astronomical ways due to COVID-19, Maryland families and businesses can foot the bill, or big tech can start paying their fair share,” wrote the primary champion of the new tax, Democratic Sen. Bill Ferguson, on his
What is digital taxation, and why does it matter? Does the challenge call for a multilateral solution? What’s the way forward?