Chicago Online Consumers Hit With "Cloud Tax"
"Chicago officials are taking an aggressive new tax approach," according to a recent article. Every time a Chicago consumer uses streaming or cloud services like Amazon or Netflix, they will have to pay 9% in taxes.
Netflix says it’s already making arrangements to add the tax to the cost charged to its Chicago customers.
"For cloud and streaming companies, however, Chicago’s aggressive approach could provide major compliance and accounting headaches if thousands of other local jurisdictions follow suit."
Luckily, there is Vertex Cloud. Our cloud-based solution offers consumption-based pricing, positioned to support all of your sales and use tax needs as your business grows. Our solution is flexible and works with all sizes and types of financial systems, ERPs, and ecommerce platforms.
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