9 min listen
Netflix in Tax Crosshairs as Cable Revenue Dries Up
FromTalking Tax
ratings:
Length:
20 minutes
Released:
Oct 28, 2021
Format:
Podcast episode
Description
The growth of so-called "cord cutters" canceling their cable TV subscriptions has had an unintended consequence for local governments: their revenue from the right-of-way fees they impose on the cable companies is drying up.
The solution some municipalities have devised for this problem is to levy an equivalent tax on Netflix, Hulu, and the other streaming services that are replacing cable TV in the homes of these cord cutters.
On today's episode of Talking Tax, our weekly news podcast, Bloomberg Tax reporter Michael Bologna speaks with an excise tax specialist and a communications law attorney and finds they have very different views on whether imposing local taxes on streamers is a legitimate way to increase public coffers.
The solution some municipalities have devised for this problem is to levy an equivalent tax on Netflix, Hulu, and the other streaming services that are replacing cable TV in the homes of these cord cutters.
On today's episode of Talking Tax, our weekly news podcast, Bloomberg Tax reporter Michael Bologna speaks with an excise tax specialist and a communications law attorney and finds they have very different views on whether imposing local taxes on streamers is a legitimate way to increase public coffers.
Released:
Oct 28, 2021
Format:
Podcast episode
Titles in the series (100)
Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote: The Senate is likely to vote the week of June 26 … by Talking Tax