Facing a $2.8 billion deficit and pending insolvency, Washington State's House Bill 3176 proposes changes to its B&O Royalty tax that would give Microsoft an estimated $100 million tax cut annually and possible amnesty for more than a billion dollars in past tax evasion.
Under current law, all of Microsoft's worldwide licensing revenues of approximately $20.7 billion annually are taxable at .484 percent or ~$100.1 million. Under the new law, only the portion of software licenses sold to Washington state customers would be taxable - perhaps resulting in less than a million annually in royalty tax from the company.
The lead sponsor of HB3176 is Democratic Representative Ross Hunter, who represents Medina, home to Bill Gates and a number of current and former Microsoft billionaires and multi-millionaires, and other areas around Microsoft's corporate campus.
Washington to Give Microsoft a $100 Million Annual Tax Cut...and Possible Amnesty on Past Tax Evasion
(Image: WEB DEVELOPERS!, a Creative Commons Attribution photo from Nick, Programmerman's photostream)
Professionalization isn't perfect: historically, professional societies "were structured around hierarchies of gender and race and laypeople were expected to obey expert judgment without even asking questions."
(Neither Boing Boing nor I have received any compensation for this post: Libro.fm asked me to post this and I did so because I want to see them succeed -Cory) Libro.fm (previously) is an independent audiobook store that sells all the same audiobooks you can get on other platforms like Audible, Google Play, Apple, Downpour, […]
Elon Musk’s SpaceX let go 10% of its 6,000 person staff today. In May of last year, the company stated that it has had “many years” of continuing profitability and in recent weeks raised $273 million so far in a planned $500 million funding round. “To continue delivering for our customers and to succeed in […]
Looking for a career in music behind the boards, either as a music producer or DJ? It’s a good bet that you’re going to be working with Ableton Live. Each new iteration of this powerful workstation gives the user more tools to create, and it’s just as well suited for the task of meticulous track […]
The graveyard of failed startups is littered with concepts that just got lost in translation. At its core, that’s what great front-end design is about: Making an app or website usable, translating its best ideas smoothly to the user. It’s a skill so broad there might be no one book or course that covers it […]
Robotics: It’s a field that used to exist only as science fiction. Now it’s science fact, and it’s not just a playground for MIT prodigies. Thanks to the ROS (Robot Operating System) framework, anyone willing to learn robotics can practice robotics. And the easiest way to learn ROS? The Complete Robotics eBook Bundle. Combined, the […]