Starting this September the City of Chicago plans on levying a cloud tax. Meaning people using streaming services like that of Netflix and Spotify will be taxed to the tune of 9%. The Chicago Finance Department determined this was acceptable due to the existing amusement tax and personal property lease transaction tax (which involves the digital content transfers to cloud storage). Furthermore, the city plans to tax transaction usage of off-site Legal and Real Estate databases. Watch out people because Chicago, as usual, just got more expensive. Phil Rosenthal of the Chicago Tribune sum’s it up quite elegantly,
On one hand, there are huge benefits for organizations and employees ???????? employees can be far more productive and work on the go with untethered access to the information they need. Business owners can also realize cost savings while reducing the time spent managing IT. Yet, there are risks: namely, how do businesses protect confidential information from leaking outside of the organization when employees can access and store data in a multitude of ways across devices.