Netflix and Uber was demanded 4% tax by New York Democrats

World news:

World news: Netflix and Uber was demanded 4% tax by New York Democrats

World news: The article discusses a proposal by the New York Democrats to have proposed a 4% tax on Netflix and Uber.

New York Democrats have proposed a new tax on digital entertainment and ride-sharing services, including Netflix and Uber, in an effort to increase state budget revenue and to fund public transportation in the state.

Under the proposal, a 4% tax would be levied on the purchase of digital products such as movies, music and e-books, as well as on ride-sharing services such as Uber and Lyft.

State lawmakers estimate the tax could generate about $1.5 billion in annual revenue for the state, which is currently facing a budget deficit due to the economic impact of the COVID-19 pandemic.

The proposal has been met with criticism from some New Yorkers, who argue that it unfairly targets low-income residents who rely on ride-hailing services for transportation.

Others raised concerns about the potential impact on the entertainment industry, with some arguing that the tax could discourage consumers from buying digital content.

Proponents of the proposal argue that it would help level the playing field between digital companies and traditional brick-and-mortar companies, which are already subject to sales taxes.

The proposal is part of a broader budget plan being considered by the New York State Assembly, which is expected to be voted on in the coming weeks. If approved, the tax will go into effect on January 1, 2022

What Are Netflix's Plans to Watch Movies and Series Legally?

As a language model, I do not have access to Netflix's current plans, but I can provide you with general information about how Netflix operates and its approach to streaming movies and TV series legally.

Netflix is a subscription-based streaming service that offers a wide range of movies and TV shows for its users to watch legally. The company has licensing agreements with studios, production companies, and distributors to stream their content on its platform.

Netflix is constantly adding new content to its library, and it invests heavily in producing its own original programming. This strategy has helped the company to become one of the most successful streaming services in the world.

To watch movies and series legally on Netflix, you need to subscribe to the service and pay a monthly fee. Netflix offers different subscription plans with varying prices, depending on the features and the number of screens you want to use.

It's important to note that using pirated content is illegal and can result in serious consequences, including fines and even imprisonment. Netflix and other legal streaming services offer a convenient and affordable way to access movies and TV shows without breaking the law.

Netflix has made a major bet on "The Electric State," a sci-fi film.