Local lawyer presented prestigious award by Law Society thesudburystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesudburystar.com Daily Mail and Mail on Sunday newspapers.
It is aggravating that these incredibly powerful, monopolistic companies face few taxes even as they are so dependent on public services and infrastructure to get their products to market, in the case of Amazon, or to rake in billions of advertising dollars, like Facebook and Google.
Cheeseman wants these companies to pay their fair share, with some of that new tax revenue earmarked for programs to prevent suicide, which has been linked to online bullying.
The bill has moved forward in the budgetary process. It is modeled after the first such digital advertising tax law, approved recently in Maryland by the Democratic legislature over the veto of Republican Gov. Larry Hogan, where it is expected to pull in $250 million in revenue in its first year.
By Keith M. Phaneuf, CT Mirror
Gov. Ned Lamont kicked off this year’s state budget debate by urging lawmakers to avoid broad-based tax hikes as Connecticut’s economy crawls out of the coronavirus pandemic.
At the same time, though, many of Lamont’s fellow Democrats noted that COVID-19 has battered households as well, and given the state’s long-term fiscal challenges it might not be possible to provide relief for some without taxing others more.
But as the legislature’s tax-writing panel wraps its work this week, a wide range of proposals still hang in the balance.
The Finance, Revenue and Bonding Committee must by Thursday decide the fate of proposed tax hikes on digital media ads and health insurance carriers, along with a statewide property tax aimed at high-value homes.
CT retailers see surge in consumer activity in March
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Shoppers patronize the SoNo Collection mall in Norwalk, Conn.Erik Trautmann / Hearst Connecticut MediaShow MoreShow Less
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The Capital Grille at Stamford Town Center in Stamford, Conn.Tyler Sizemore / Hearst Connecticut MediaShow MoreShow Less
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Shoppers wait outside Westfield Trumbull Mall prior to the shopping center’s May 20 reopening.Donald Eng / Hearst Connecticut MediaShow MoreShow Less
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Shoppers at the Connecticut Post Mall in Milford.Arnold Gold / Hearst Connecticut MediaShow MoreShow Less
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Connecticut retailers saw a surge of activity in March at about the same time that stimulus checks went out from the federal government.
CT retailers see surge in consumer activity in March middletownpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middletownpress.com Daily Mail and Mail on Sunday newspapers.