Starting September 1, the city of Chicago will impose a 9% tax on companies that supply residents with streaming services like Netflix. The companies are already making plans to shift the tax to consumers. Washington Times: Digital media companies and Chicagoans will now be slapped with a 9 percent “cloud  tax” on streaming services, the Chicago Sun Times reported Wednesday. City officials aim to generate $12 million from the new tax. Collections will begin Sept. 1. “In an environment in which technologies and emerging industries evolve quickly, the city periodically issues rulings that clarify the application  of existing laws to these technologies and industries,” mayoral spokeswoman Elizabeth Langsdorf said in a statement, the newspaper reported. Companies are already working to shift costs imposed by the “cloud tax” onto consumers. Entertainment website The Verge reported Wednesday that Netflix...(Read Full Post)