So agreements on these issues are going to require
a new level of international cooperation and global policy
formation.
The subject of Internet taxation is absolutely top of mind with
every senior
executive I talk with. To a person, they question whether they're
going to take the
plunge into Net-based commerce only to find out later that
overregulation and
overtaxation have dried up a rich new source of revenue. If
governments refuse
to cooperate, unilateral and uncoordinated tax policies will
result in a
multinational hodgepodge of tax policies that will choke
e-commerce in its
infancy. It is essential that governments apply existing
principles of
taxation-emphasis on existing policy-to global electronic commerce.
E-commerce should not be subjected to unique or higher tax
burdens than
transactions in the physical environment.
http://www.ibm.com/thinkmag/lou/restraint/text.html
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