Open AccessForeign (Non-US) Taxes On Internet Transactions
Author(s) -
Robert M. Kozub
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v2i2.3760
Subject(s) - the internet , value added tax , tax deferral , business , use tax , ad valorem tax , e commerce , value (mathematics) , commerce , sales tax , indirect tax , tax credit , double taxation , tax reform , monetary economics , advertising , economics , public economics , finance , state income tax , law , political science , computer science , machine learning , world wide web , gross income
In most discussions of Internet taxation in the United States focus is on sales and use taxation of e-commerce. While such taxes are an important component of the taxing regime on e-commerce, it would be myopic to consider only US taxes as the only tax on Internet transactions. This paper discusses the most important foreign tax on e-commerce is the Value Added Tax (VAT), since a large number of foreign countries impose the VAT.