May 15, 2026

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Business

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue as the state's budget is being lifted by the artificial-intelligence boom.




KC Chohan

Founder Together CFO

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Intelligence powers AI. Governance makes it trusted.

KC Chohan

Founder Together CFO

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

KC Chohan

Founder Together CFO

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