Tag - Taxation
Apple has informed developers of new tax application on sold apps in China and Japan. The iTunes connect briefing warns of "transactional taxes in China" as well as new tax laws in Japan "with respect to foreign businesses that provide electronic commerce to residents of the country." The taxes applied are in addition to any of those owed already, due to state or country of residence, and a discussion has begun between developers on whether to abandon the localities entirely.
The Tennessee State government is reviewing the possibility of implementing a tax on digital media downloads, which would include music videos, movies, news and entertainment programs, music, ringtones, and electronic books, among others. Law firm Waller Landsen notes that standard software downloads would not be taxable, and while the proposition has not been shown to lawmakers, it is predictably drawing negative criticism.