Taxation Slips through the Net

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Development of fair taxation systems for e-commerce is one area of the new economy that is definitely not moving at Internet speed. By Daniel Keeler

After 18 months' deliberation and research, the United States' presidential Advisory Commission on Electronic Commerce recently announced its recommendations regarding taxation of domestic US Internetbased commerce. Essentially, the panel recommended retaining the status quo by extending the current moratorium on Internet taxes until 2006, while looking into new ways to impose fair taxes on what is considered an unregulated and largely tax-free environment. The inconclusiveness of the panel's efforts is symptomatic of the …