At 02:35 25/02/99 , Barry wrote:
>And this brings up one of the most interesting issues about online
businesses.
>
>Over the next few decades, governments are going to see their corporate tax
>revenue start to dry up, and they are going to have to turn to other
>sources to support themselves. It is simply becoming impossible to
>effectively tax online businesses that have various components of their
>organization located in multiple places around the globe.
>
>As people become more adept at working together without all being located
>in the same place, and long distance telecommunications grows even less
>expensive and more powerful that it is now, businesses will be composed of
>individuals dispersed around the world.
>
>Now try to figure out how to tax their economic output.
Ever heard of a retail sales tax? Or goods and services tax? Value added
tax? The tax base will switch to consumption based taxes levied at the
point of purchase.
franko
_________Frank Lee, Internet Strategist, Writer & Developer_________
Senior Interactive Strategist, Enterpirise Web Management, IBM in A/NZ
Visit IBM in A/NZ: http://www.ibm.com.au/ http://www.ibmgs.com.au/ and
http://www.ibm.co.nz/
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