Chicago Implements 9 Percent Cloud Tax on Streaming Services

Taking money from the cloud

The world is rapidly changing, no doubt about it. Gone are most video rental stores, like Blockbuster and Hollywood Video, replaced in large part by streaming options like Netflix and Hulu. There’s a lot you can do in the cloud these days, and if you live in Chicago, get ready to pay a 9 percent for the privilege.

Chicago’s new so-called cloud tax goes into effect today. According to The …read more

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