The Challenges of Taxing E-Commerce
Keywords:
E-Commerce, Technological, advancements, International taxation arrangements, Challenges, Rational tax policyAbstract
E-Commerce all over the world succeeded in capturing the mind and attention of the consumers like never before and with an extraordinary pace of growth, is expected to take up the shape of a gigantic industry in years to come. However, International tax arrangements find it difficult to keep pace with globalization and market liberalization especially with issues like taxing E-Commerce. A new business style was emerged to use integrated cyber networks with no boundaries. E- Commerce developed a unique code of Conduct in business strategies underlying real time management and techniques with an exceptional reach. Therefore, developing a comprehensive and rational tax policy would require a clear and better understanding of the industry, challenges faced by the taxing authorities and peculiarities of Internet The paper pronounces the phenomenal growth of E-Commerce across the world including India and evaluate the challenges faced by legal and tax system with regard to E-Commerce. The paper also takes in account various tax reforms initiated by India to keep track of outstanding growth of E-Commerce industry in India.
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