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California Gov. Gavin Newsom proposes a new 7.25% tax on web-based

California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions …

Source: Bloomberg · Opens in new tab