Danger: Internet taxes ahead

Article Abstract:

Taxation of transactions on the Internet is likely because greater information access, efficiency and a worldwide market are just some of the advantages drawing the tax base away from traditional commerce. However, tax compliance is complicated since the location of the the taxable event may be difficult to determine while user identification is hard to authenticate. Any tax policy for electronic commerce should be fair, uniform, simple and not discriminate against electronic commerce or limit growth in this area.

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Advising the cyberbusiness: applying fundamental tax concepts to Internet sales

Article Abstract:

Taxation of electronic commerce remains problematic. Online sales may reach $6 billion annually by 2000, but this growth could be impaired if rigid tax laws are imposed on Internet transactions. Determining the nexus of transactions is a major issue, as are due process and commerce clause nexus considerations. Interstate commerce tax law should be applicable to the Internet, but vendors' voluntary compliance efforts should be encouraged and complemented by issuance of proper tax guidance.

Innovations, Interstate commerce, international

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The ownership and disposition of property: new rules for old problems

Article Abstract:

The Taxpayer Relief Act of 1997 addresses the problem of hedging and risk management techniques where transfer of incidents of property ownership is accomplished without taxation of gain. IRC section 1259 forces realization and recognition of gain in situations where taxpayers remain the technical property owners but the economic equivalents of sales have occurred. These constructive sales rules will apply to unwary nonprofessionals and so may be too broad in application.

Laws, regulations and rules, Recognition of gain or loss (Taxation), Recognized gain or loss (Taxation), Property, Transfer (Law)

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