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California Today: Fretting Over the ‘Netflix Tax’
Source:
nytimes.com
- Dec 2, 2016
Dozens of California cities looking to shore up revenues are flirting with a new idea — tax your “Gilmore Girls” binge.
Pasadena was among the first to say publicly this fall that it wanted to tax video streaming services like Netflix, a step that could make up for lost tax revenue from growing numbers of cord-cutters.
At 9.4 percent, the so-called Netflix tax would treat streaming services as a traditional utility, the city said. If you use multiple services — for example, Hulu, Amazon Video and HBO — it would be added to each bill.
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Category: General Business
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