Post by Logan on Jun 18, 2016 6:53:30 GMT -6
The Motion Picture Association of America is ramping up its fight against a proposed tax change that would result in the nation’s most prominent broadcasting companies paying many times more in North Carolina income taxes.
It’s calling consumers in the state urging them to contact their state legislators to oppose what an MPAA official called an “unfair, exorbitant tax on our members” that would trickle down to TV customers in the form of higher cable and satellite TV bills.
The association also is touting the support of Grover Norquist, of the anti-tax Americans for Tax Reform, who opposes the proposal to change the way broadcasters’ tax liabilities are determined in the state.
The MPAA has supported Americans for Tax Reform financially in the past, including a $100,000 grant earlier this decade as the MPAA tried to build its clout in conservative circles, The Wall Street Journal reported. It wasn’t immediately clear whether Americans for Tax Reform has received additional money from the MPAA.
Read more here: www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article84119417.html
The MPAA is justified in their fight against this tax increase which would raise their tax liability from $1 million per year to
$30 million per year. That is a significant tax increase that if copied in other states would put at substantial strain on the broadcasters and may also reduce the variety of content available to consumers.
It’s calling consumers in the state urging them to contact their state legislators to oppose what an MPAA official called an “unfair, exorbitant tax on our members” that would trickle down to TV customers in the form of higher cable and satellite TV bills.
The association also is touting the support of Grover Norquist, of the anti-tax Americans for Tax Reform, who opposes the proposal to change the way broadcasters’ tax liabilities are determined in the state.
The MPAA has supported Americans for Tax Reform financially in the past, including a $100,000 grant earlier this decade as the MPAA tried to build its clout in conservative circles, The Wall Street Journal reported. It wasn’t immediately clear whether Americans for Tax Reform has received additional money from the MPAA.
Read more here: www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article84119417.html
The MPAA is justified in their fight against this tax increase which would raise their tax liability from $1 million per year to
$30 million per year. That is a significant tax increase that if copied in other states would put at substantial strain on the broadcasters and may also reduce the variety of content available to consumers.