Taxes and the Internet

Taxes and the Internet have generated a continuous stream of discussion ' but not much more. For all that has been written over the years, remarkably little has happened, other than the passage (and periodic temporary renewals) of the Internet Tax Freedom Act, and pressure on national firms' online operations to collect tax (as described below). The 'problems' ' untaxed economic activity ' that have created so much uncertainty for e-commerce firms and their customers alike remain just as much of an unknown risk, without a solution in sight. Perhaps the continued growth of e-commerce will simply be the unintended result of this inaction, the tax accountant's equivalent of the physician's motto, 'do no harm' ' that is: our tax system has done nothing to get in the way of e-commerce.

34 minute read August 28, 2007 at 03:53 PM
By
Stanley P. Jaskiewicz
Taxes and the Internet

Famous 18th-century technology geek Benjamin Franklin once complained that 'nothing in this world is certain but death and taxes.'

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