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`Electronic commerce' -- a broad spectrum of commercial activities carried out through the use of computers -- has arrived. But tax authorities have questioned whether existing tax principles and rules are equipped to deal with the challenges of conducting business in cyberspace. Electronic Commerce and International Taxation examines the implications of the growth of electronic commerce for domestic and international tax systems, concentrating on the conduct of electronic commerce over the Internet. It covers a wide array of activities, focusing on basic rules and policy choices. The book looks at existing tax principles, how they might apply to hypothetical transactions involving electronic commerce, and possible alternative approaches. Coverage includes: the basic principles that govern income and value added taxesan overview of the technological changes that have brought about electronic commercea concise explanation of how and what happens when electronic commerce is conductedan examination of the ways in which businesses are using the new technology in conducting their everyday activitiesa discussion of the application of existing tax principles to electronic commercean exploration of questions and problems raised by applying tax rules that evolved before electronic commerce to transactions that were then unimaginableobservations and suggestions for a variety of approaches to international tax problems resulting from electronic commerce and the associated benefits and problems Because the implications of electronic commerce vary from industry to industry, this book focuses on the broad issues that span all industries. the information provided will keep tax attorneys, accountants, corporate counsel, policymakers, and academics in the field of tax law abreast of the issues posed by this hot topic and their many potential implications. This unique resource is an important part of becoming conversant in the language of a changing world.