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The way this law is written, if you're visiting Chicago and decide to stream a movie, stream music, or check your brokerage account (on devices you own with acc
by meritt 11y ago
The way this law is written, if you're visiting Chicago and decide to stream a movie, stream music, or check your brokerage account (on devices you own with accounts established outside of Chicago), "the provider should then collect tax on the charges apportioned to use inside Chicago." [1]
So basically Chicago thinks they deserve a 9% tax on all information and media consumption that occurs within their city limits. I guess I simply won't bother to visit Chicago ever again.
I wonder what the tech company exodus is going to look like. This could actually be a huge boon for Kansas City who is doing everything they can to attract tech companies.
[1] http://www.hmblaw.com/media/109579/lease_tax_ruling__12_6-9-15.pdf http://www.hmblaw.com/media/109579/lease_tax_ruling__12_6-9-...