Back to the Baltimore Ravens Newsfeed

The Digital Industry as a Source of Tax Revenue

Related Topics: Digital Industry

The digital economy has grown from a niche market into a gigantic ecosystem of apps, platforms, and cloud-based services. Every click, stream, and virtual purchase can spin off real money for public budgets. Governments across the globe now watch the sector with keen interest, not only because of its innovation but also because of its rising tax potential. For instance, Vegashero casino burst onto the Slovenian online scene, and a quick peek at Vegashero numbers shows how one platform can channel millions into public coffers, as noted in a recent casino review. Digital companies, whether they stream music, deliver meals, or host virtual slots, pay corporate income tax, charge value-added tax, and create payroll taxes through new jobs.