{"id":7858,"date":"2020-03-23T14:40:06","date_gmt":"2020-03-23T14:40:06","guid":{"rendered":"http:\/\/localhost:10151\/?p=7858"},"modified":"2020-04-23T19:38:31","modified_gmt":"2020-04-23T19:38:31","slug":"maryland-approves-digital-advertising-tax-and-new-york-could-be-next","status":"publish","type":"post","link":"https:\/\/jp.umww.com\/en\/um-in-the-news\/maryland-approves-digital-advertising-tax-and-new-york-could-be-next\/","title":{"rendered":"Maryland Approves &#8220;Digital Advertising Tax&#8221; and New York Could Be Next"},"content":{"rendered":"<p id=\"first-graph\" class=\"inline-ad-para\" dir=\"ltr\">Maryland lawmakers quietly approved\u00a0HB 732\u00a0late last week, which imposes a 10 percent tax for every digital ad sold by companies such as Google and Facebook.<\/p>\n<p class=\"inline-ad-para\">The legislation\u00a0also applies to smaller companies, but at a lower tax rate based on annual global gross revenues.\u00a0Businesses with $100 million or more in revenue are taxed at 2.5 percent; 5 percent for $1 billion or more; 7.5 percent for $5 billion or more and 10 percent for companies with $15 billion or more in annual global gross\u00a0revenues.<\/p>\n<p>While the measure only applies to advertisements shown to Maryland citizens, a \u201ccopycat\u201d bill was introduced to New York lawmakers last week.\u00a0Nebraska is considering a similar measure\u200b\u200b\u200b\u200b\u200b\u200b\u200b. Both the New York and Maryland bill will collect taxes on &#8220;digital advertising services,&#8221; which include banner ads, search advertising and &#8220;other comparable services.&#8221;<\/p>\n<p>\u201cThis is a first-of-its-kind punitive tax on digital advertising,\u201d Stephen P. Kranz, a D.C.-based attorney and partner at McDermott, Will and Emery, says. \u201cThere are a lot of companies in the digital advertising space, some obvious names, but many companies will be impacted by this legislation.\u201d<\/p>\n<p>Read Full Article <a href=\"https:\/\/adage.com\/article\/digital\/maryland-approves-digital-advertising-tax-and-new-york-could-be-next\/2245881?fbclid=IwAR1E0B-LwdyqdYlFXQUBlNLNa1N2BY6SpNvFJ4bb8tj4BsK6gHpmZ0s_BGo\">Here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maryland lawmakers quietly approved\u00a0HB 732\u00a0late last week, which imposes a 10 percent tax for every digital ad sold by companies such as Google and Facebook. The legislation\u00a0also applies to smaller companies, but at a lower tax rate based on annual global gross revenues.\u00a0Businesses with $100 million or more in revenue are taxed at 2.5 percent; [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-7858","post","type-post","status-publish","format-standard","hentry","category-thought-leadership","category-um-in-the-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Maryland Approves &quot;Digital Advertising Tax&quot; and New York Could Be Next - UM JAPAN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jp.umww.com\/en\/um-in-the-news\/maryland-approves-digital-advertising-tax-and-new-york-could-be-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maryland Approves &quot;Digital Advertising Tax&quot; and New York Could Be Next - UM JAPAN\" \/>\n<meta property=\"og:description\" content=\"Maryland lawmakers quietly approved\u00a0HB 732\u00a0late last week, which imposes a 10 percent tax for every digital ad sold by companies such as Google and Facebook. 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