Chicago on a Revenue Roll From Cloud and Netflix Taxes – Bloomberg Law

Revenue from Chicago’s one-of-a-kind tax on cloud computing is about four times what it was five years ago, bringing in nearly $120 million last year, according to figures provided by the city’s Office of Budget and Management. The city’s tax on streaming entertainment has more than tripled over that period as consumers ramped up their subscriptions to services such as Netflix for video, PlayStation for gaming, and Spotify for music. The city collected more than $30 million in taxes on streaming services for the current year.