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The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe. The digital economy makes up 15.5% of global GDP in 2021 and has grown two and a half times faster than global GDP over the past 15 years, according to the World Bank. [ 2 ]
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...
Furthermore, on July 1, 2013, Amazon would also begin collecting sales tax on digital products or services, like books. Amazon only agreed to collect the 6.6% state sales tax, but there was no requirement to collect local sales taxes, which can bring total tax close to 10%. [16]
During the ENERGY STAR Sales Tax Holiday, certain energy-efficient products displaying the ENERGY STAR logo can be purchased tax free, including air conditioners priced at $6,000 or less ...
In an effort to assist Texans in their emergency preparedness endeavors, Texas has implemented the Emergency Preparation Supplies Sales Tax Holiday.
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