As a result of two rulings, each effective July 1, 2015, the city of Chicago will attempt to tax the “Cloud” more directly and comprehensibly than any other U.S. jurisdiction. On June 9, 2015, the Chicago Department of Finance (the “Department”) issued rulings regarding (1) the application of the city’s Personal Property Lease Transaction Tax (the “Lease Transaction Tax”) to nonpossessory computer leases and (2) the application of the city’s Amusement Tax (the “Amusement Tax”) […]
streaming
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iTunes music streaming has been rumored for a long while, but has never actually surfaced… But if you read between the lines of two pieces of news at the moment, it seems the time is finally ripe. Apple settles record industry nerves We think, from previous inside information leaks, that one of the big hold-ups to a streaming iTunes music service was the recording industry–it had been caught on the hop when Apple revolutionized the […]