IT’S THE LAW (2/16/2021)

In a shot across the bow at Big Tech, Maryland is the first U.S. state to tax digital ad services. Companies making between $1M – $100M will pay 2.5% and those making over $15B, like Google and Facebook, will pay 10%. The state’s premise is that tech companies profit by collecting ad data on its residents so they should pay their fair share. Other states, including Connecticut and Indiana, may soon follow.