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.
With everybody working from home now, it’s natural to start thinking about careers where not going into the office is more the norm than the exception. Better yet, many are looking to start careers as freelancers, professionals who build their livelihoods around the scope of their talent and not the fortunes of one all-encompassing employer. […]
“The way to have power is to take it.” — Boss Tweed. We think an 18th-century political power broker probably had a different definition of power in mind when he made that statement, yet the sentiment still applies. We’ve all got devices all but falling out of our pockets and the need for power to […]
If the last 50 years of education have taught us nothing else, it’s that it often requires different tactics to best reach different learners. To pick up a foreign language, some students take best to the old-school high school language lab method, using heavy repetition, verb conjugation and grammar emphasis to embed a new language. […]