Study: Taxes are Costliest Part of Providing Telecom Services Johnny Kampis
A study on rural broadband found that — wait for it — taxes are far and away the largest cost involved in providing telecommunications services.
This comes after another report last year indicated taxes could slow down wireless broadband expansion.
Hudson Institute’s “The Economic Impact of Rural Broadband” found that excise-type taxes that providers collect and remit to governments make up $1.3 billion of the “purchases” required to produce telecommunications services. That’s more than triple the next category of purchases: about $400 million in advertising and related services.
Hans Kuttner, author of the study, told Watchdog.org that taxing telecommunications services has historically been an attractive funding mechanism for governments, going back to 1898 when the federal government used such a tax to help pay for the Spanish-American War.
“I guess it was the kind of thing where it would be on bills and...
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Congress is considering a major corporate tax reform bill its proponents say would help to slow the growth in the number of U.S.-based businesses merging with foreign competitors and leaving the country by repairing flaws in the tax system.
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