Net Neutrality Is Setting The Stage For Internet Taxes - Forbes
Public utilities are taxed at a higher rate than other property taxes
By reclassifying Internet services as common carrier telecommunications services, states that tax the tangible property and equipment of public utilities and regulated telecommunications services can now tax the property of broadband service providers. Public utilities are taxed at a much higher rate than other property taxes, which means that broadband costs and prices will increase with states never having to pursue the more challenging course of securing legislative change. In addition, if states consider “intangible” property as taxable, wireless providers may also see the value of their spectrum taxed, which is worth well over a hundred billion dollars, and at higher property tax rates on utility and regulated telecommunications services, compared to other business property.
Another major risk is that state and local governments will not discern what portion of a broadband provider’s plant and equipment is solely used for Internet connectivity. They might simply designate all of the firm’s property as “mixed use” and subject it to the full taxation as regulated telecommunications property. Therefore, broadband providers that provide video services, information services and other lines of business (such as applications and cloud computing services) could have their tangible and intangible property for other lines of businesses taxed at higher rates and under a broader base, exposing the entire business to these higher costs.
so Cruz was right...and I am also..
Last edited by Travis007; 03-13-15 at 01:30 PM.
Last edited by Hatuey; 03-13-15 at 01:56 PM.
I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK
This is really a big concern even if it did happen?
Last edited by tacomancer; 03-13-15 at 02:26 PM.