North Carolina to impose a digital download tax?

As part of their plans to modernise the state"s tax code, North Carolina legislators are considering introducing digital download tax charges.

According to reports, such a measure could increase revenue by up to $12m, which in perspective to the state"s current $20bn budget deficit, is a nominal amount. Items, including music, movies and video games, would all be affected by the changes, which Rep. Paul Luebke thinks is justified:

"We used to think of everything in terms of being tangible. Nobody thought of how you could possibly download anything. So if you buy a book in a bookstore, you"re going to have to pay sales tax on it. If you"re downloading a book from a book seller, you should have to pay sales tax on that as well."

North Carolina isn"t the only state considering such tax amendments. Last month, New York officials confirmed a proposition to introduce an "iPod tax" was being contemplated. These reports only demonstrate that it"s not just the private sector that has been hit hard by the deepening recession.
Report a problem with article
Next Article

LED light bulbs to cut energy bills by 75%

Previous Article

Acer launching its smartphone at the Mobile World Congress