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Maryland s digital advertising tax sparks controversy
Taxing digital advertising revenue has caused some controversy this week in various countries around the world. In the US, Maryland became the first state to introduce a tax on digital advertising revenue, which enters into effect from the 2021 tax year. It targets technology companies such as Google, Facebook and Amazon that make more than $100 million from advertising revenue.
The rate of tax will range from 2.5% to 10% depending on the amount of annual gross revenues earned by a company. This tax could have a similar ripple effect as the
Wayfair case, emboldening other US states to introduce a similar tax measure.