Taxation Of E-commerce

Taxation of e-commerce The Internet has created a world without borders. Consumers can purchase goods and services from around the world by going online and simile shop for whatever they wish, be it a computer, a car, a book, and make their purchases, all tax-free, unless the vendor has a store in their call down. The current tax system recognizes over 30,000 tax jurisdictions, within the 30,000 tax jurisdictions, there are more than 7,000 separate state and local tax rates that cover all goods and services. The gross revenue tax burden from multiple tax jurisdictions could be very costly.

Taxation of online transactions "would require that the vendor identify all relevant taxing jurisdictions, calculate how much to charge, file forms, and relax payments to hundreds or even thousands of assorted taxing authorities" (Lilly, 1999). trying to establish a tax system that takes into account the different jurisdictions, tax rates, the different product definitions, and which products...If you want to get a full essay, order it on our website: Orderessay

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