Taxation & Electronic Commerce
This is an excerpt from the paper...
Electronic commerce is rapidly becoming a common way for individuals to transact business with companies located both locally and throughout the world. Retailers recognize the potential of electronic commerce and respect the low overhead that it commands (by reducing the need for a physical presence); consumers respond to the convenience and the often low prices which are offered on the Internet. Government agencies also recognize the potential of electronic commerce in the tax revenues which such commerce represents. Tax laws were designed for a traditional manufacturing society where companies had clear physical presence in a particular location; these laws are difficult to apply to electronic commerce, and regulators have been slow to adopt taxation policies which address the unique aspects of electronic commerce. This research examines the issue of taxation and electronic commerce with particular attention given to the taxation of Internet Service Providers (ISPs) by state tax agencies, the Internet Tax Freedom Act, and the various points of view of the stakeholders participating in this international debate.Because of the import of this issue to business and local government, considerable analysis has been performed and is readily available in the field. The following literature review summarizes the key points of the debate surrounding the issue of Internet taxation; far more literature is available than can be included in thi
. . .
nerated a "plain English" summary of the Act. The Act, which took effect in October 1998, is seen by its advocates as a way to give the Internet time to grow and expand while preventing predatory taxation which would inhibit that growth. Originally introduced in March 1997, the Act underwent considerable revisions as lawmakers worked with local governments and industry to reach a compromise which could be passed. In March 1998, Cox held a news conference at which the National Governors' Association, the National Conference of Mayors, the National Conference of State Legislatures, the National Association of Counties and the National League of Cities expressed their support for the legislation (Cox, 1999, p. 1).
The Act bans taxing Internet access for three years (until 2001). This means that state and local governments are prevented from implementing new taxes on ISP access such as the $19.95 paid by many America On Line subscribers on a monthly basis. Those states which had already implemented such access taxation, including Connecticut, Wisconsin, New Mexico and South Carolina, among others, will be allowed to maintain those taxes. Some of these states, including Connecticut and South Carolina, indicated that they would a
. . .
Some common words found in the essay are:
Tax Association, Freedom Act, United Tax, Norm Alster, Supreme Court, Wide Web, Act Act, Dakota ITAA, League Cities, Development Act, electronic commerce, internet tax, internet taxation, local governments, sales tax, sales taxes, internet tax freedom, tax freedom, freedom act, tax freedom act, cayo nd, cox 1999, shafroth 1999 1, national tax association, electronic commerce industry,
Approximate Word count = 6495
Approximate Pages = 26 (250 words per page)
|
Customer Service
to Over
32,000 Professionally Written Papers!!!
