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e-Commerce - Legal, Business and Tax Issues |
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Electronic Commerce is about doing business electronically through the Internet. It is based on the electronic processing and transmission of data including the latest technological advancements of transmitting text, graphics, sound and video. Conducting business in cyberspace is no longer limited to big companies; it is now readily accessible to almost everyone with basic computer equipment and access to telecommunication service. Increasingly, the Internet is becoming the tool of choice for researching and obtaining information; on-line education (such as this program); on-line business transactions including banking, investment trading, shopping, etc. The enormous effect of Internet on society can be as powerful as the invention of telephone or television in history. Driven by the Internet revolution, e-commerce is dramatically expanding and undergoing radical changes. E-commerce is paving the way for a new global electronic marketplace. It presents policymakers and tax authorities with new and difficult challenges on how these business transactions conducted in cyberspace should be taxed. Several significant events have occurred in the past year relating to Internet taxation. While dealing with the uncertainties and legal complexities, there also exists tax saving opportunities. Business professionals must understand the transformation of traditional process that can lead to best practices, possibilities and pitfalls in e-business and electronic commerce.
This course is divided into three segments dealing with 1) the business aspects, 2) the legal implications and 3) the taxation issues, relating to electronic commerce.
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