United States of America: Introduction of Connecticut Senate Bill 6187 including digital advertising services tax
Description
Introduction of Connecticut Senate Bill 6187 including digital advertising services tax
The Connecticut Senate Bill 1106 is introduced, aiming to create a new tax on digital advertising services. The tax rate would vary between 2.5% and 10% depending on global annual gross revenues and the tax would only apply if these surpass USD 10 billion.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
online advertising provider
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
advertisement (any targeting): hosting: display
Regulatory tool
Subordination under digital service tax
Sanctions
Regulated subjects
1