The undersea internet cables connecting continents could soon help fund public schools as Oregon proposes charging millions in new fees to tech companies
- After decades of charging only a one-time fee for undersea cables along its coast, the Oregon Department of State Lands have recently begun discussing a new opportunity for tax revenue.
- Now, the state is set to charge cable operators a one-time fee for cable installations within three miles of its coastline and will be using that money to benefit public schools.
- The currently existing fee structure dates back to about 25 years ago in 2001, and is a simple $5,000 application fee.
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- After decades of charging only a one-time fee for undersea cables along its coast, the Oregon Department of State Lands have recently begun discussing a new opportunity for tax revenue.
- Now, the state is set to charge cable operators a one-time fee for cable installations within three miles of its coastline and will be using that money to benefit public schools.
- The currently existing fee structure dates back to about 25 years ago in 2001, and is a simple $5,000 application fee.
Sources: Times of India