A taxing problem: the future of tax-free Internet commerce is uncertain

Article Abstract:

Taxing Internet transactions is being debated in the US while in Europe, the European Commission (EU) is planning to implement a value-added tax on e-commerce. The debate in the US is triggered by two considerations, namely, a balanced taxation system which should not exempt online deals and the universal nature of the Internet. The EU plans to tax virtual merchandise which are goods downloaded from the Internet and do not require physical delivery. The tax, which is expected to range from 15% to 25%, would be shouldered by the consumers and would result in higher prices.

World, Taxes

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The missing link

Article Abstract:

Various companies are now offering software and systems that confirm the authenticity of transactions and ensure payment among companies which conduct online business-to-business transactions. RadioShack has formed TradeCard Inc, a New York online transaction-settlement company in which a buyer creates an electronic purchase order that is validated and encrypted for security. Other companies which offer online transaction/payment services are AlphaTrust.com and eCharge Corp.

United States, On-Line Information Services, Services information, Videotex & Teletext Svcs NEC, Internet services, AlphaTrust.com, TradeCard Inc.

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