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Software tax mooted for businesses

Taxed for each application
Tue Dec 27 2005, 08:23
BUSINESSES in Tennessee are mortified that the state is planning to tax each application run by a firm.

The big idea is to make software subject to property tax and earn a bit of cash out of the high tech companies.

However, business leaders claim the move shows the state board which is considering the move, have not got a clue how software works within a modern company. It is one thing, the say to tax software, but the plan is to do it for each application. Each company has hundreds of applications running.

The other thing that could happen is that companies could save money by shipping as much of their computer operations as possible out of state, or even worse, to some outsourcing company in another country.

More at the Times Free Press, here. µ

 

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