Targeting Big Tech, Maryland becomes first state to tax digital advertising

Brian Fung from Cnn said that (CNN Business)Maryland became the first state in the country on Friday to impose a tax on digital advertising, as the state’s senate voted to override a gubernatorial veto of legislation that would impose up to a 10% levy on revenue from online ads shown in Maryland.

The enactment of the bill, by a 29-17 vote, marks the beginning of what could become a wave of similar legislation across the country, as policymakers increasingly target the economic dominance of large tech platforms, some of which have built massive financial engines through advertising technology.

It’s also another example of how proposals being introduced abroad to rein in Big Tech are increasingly gaining traction in the United States. But it could spark a court battle over the legality of the tax and its impact on digital businesses.

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