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Aug 6 2013
The most foolish of all the latest tax increases that is sure to have the most negative impact is the new 6.25 percent sales tax on computer system design services and software services. Michael Widmer, president of the Massachusetts Taxpayers Foundation, said it best when he warned the Governor and Legislature that “State leaders could hardly have chosen a more perfect tax to undercut the future of the Massachusetts economy. This is the most sweeping computer and software services tax in the nation. It strikes at the heart of the state’s innovation economy and will stifle job creation for years to come.”
Aug 5 2013
Massachusetts Taxpayers Foundation has said in published reports that the tax could actually raise $500 million for the Commonwealth -- and cost Massachusetts, a hotbed of technology companies, quite a few jobs. In addition, implementing it so quickly will also take a toll on technology companies, particularly smaller systems integrators and independent consultants whose bread-and-butter clients are located in Massachusetts, as well as strain the resources of healthcare providers who often need customized software to, for example, ensure that hospital beds are provisioned efficiently.
Aug 4 2013
Lawmakers are eyeing a new revenue source that Massachusetts Taxpayers Foundation President Michael Widmer has warned could generate $500 million, far more than the $161 million estimate lawmakers attached to their tax hike.
Aug 2 2013
The new tax is being implemented only days after its passage, a situation that is “absurd and impossible,” said Andrew Bagley, director of research at the Massachusetts Taxpayers Foundation. To make matters worse, Bagley and other industry officials say they’re convinced the law could well lead to Massachusetts companies paying far more in taxes than the $161 million previously estimated by DOR.