- Movie night has shifted from theaters to home streaming
- Streaming services allow content viewing without downloads
- Video streaming market valued over $670 billion, growing 20% annually
- Over a third of TV usage is streaming, with 1.8 billion subscriptions
- Netflix has over 200 million subscribers; Disney+ and Hulu are major players
- Users spend $69 to $125 monthly on cable or streaming services
- Streaming services are digital products, affecting sales tax definitions
- Sales tax varies by state, based on delivery method and product type
- Digital products are taxable in several states, including Alabama and Ohio
- Streaming services are taxed in states like Arizona and Indiana
- Some states tax both digital products and streaming services
- States adjust sales tax rules to capture revenue from streaming
- Economic nexus thresholds vary by state, affecting tax obligations
- Streaming services face ongoing legal challenges regarding taxation
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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