How Massachusetts Tried To Fleece Its Technology Sector With “Tech Tax”

Massachusetts needs money. These days, every state is looking for ways to scrape out more revenue for failing budgets and costly infrastructure projects.

But Massachusetts looked at its burgeoning technology sector and thought that it could squeeze at least $160 million a year out the Commonwealth’s startups and established technology firms for funding of a transportation bill.

So, the Massachusetts “Tech Tax” was born. It was a vaguely written and a potentially harmful burden to startups in and around Boston. When technology firms in Boston figured out exactly what the Tech Tax was, they fought back. And, for once, the Massachusetts legislature — For more information read the original article here.

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