A division of the Sabre Holdings Company of Fort Worth, Texas and Preview Travel, an exclusive partner of America Online, announced they were both merging to form one of the nations largest internet commerce sites with an expected revenue of nearly one billion dollars (Jones C-7). Companies are merging and joining the internet all out of the internet revolution craze. The internet is revolutionizing the way the world is doing business through faster, easier and more direct consumer access to their desired companies. Of course, such direct contact to these companies means that the 'middleman'; is often eliminated. People like accountants, travel agents and stockbrokers are all ending up with commissions being cut and even losing their jobs.
16 Ways to Cut the Deficit. (Accessed from the Internet at this website http://www.nytimes.com/roomfordebate/2010/11/14/16-ways-to-cut-the-deficit/a-risk-fee-for-big-banks, on March 3, 2011.) The Pew Research Center for the People & the Press. 2010. Deficit Solutions Meet With Public Skepticism (Accessed from the Internet at this website http://people-press.org/report/683/, on March 4, 2011.)
Internet Taxation The passage of the Internet Tax Freedom Act, on October 21, 1998 there has been an intense debate on whether to tax or not to tax Internet purchases. The conservative side is opposed to Internet taxation saying that it is too costly to collect tax on Internet purchases. They also believe that since Internet retailers do not have any of their operations in all the states, not every state should receive the sales tax made on the purchase. On the other hand, the liberal believe that taxation of the Internet should be lawful because states are losing valuable tax bases to Internet purchases. They believe that at current rates of online shopping, states are losing millions of dollars annually that are used for public roads, police protection, and education.
According to Congressional Digest, electronic commerce has enjoyed unfair advantage for many years by not having to acquire some taxes. The government is mainly responsible for this one-sided playing field toward online sellers. Many authorities believe that the Internet is essential to high productivity and economic growth and that preservation of the Internet potential is important. Indeed, president Bill Clinton signed the Internet Tax Freedom Act law in 1998 to prohibit any Internet access taxing – extended by succeeding presidents ever since. Based on the current tax laws, online store merchants collect sales tax from in state consumers as similarly as “brick and mortar” stores charge sales tax when customers come into their stores.
Sending an ordinary one-page e-mail message from New York to California via the Internet costs about a penny and a half, vs. 32 cents for a letter and $2 for a fax (Liosa 158). Hale & Dorr for example, a Boston based law firm, uses the Internet to its advantage. If a client company requests a contract for a foreign distributor, it can send electronic mail over the Internet to a Hale & Dorr computer, where a draft document will b... ... middle of paper ... ...et is having a major influence on America. Its successor in the near future, the Information Superhighway will continue to do so for a long time as well. By creating new ways of publicizing products and helping businesses, the Internet has strengthened and reinforced the U.S. economy.
Who do you tax? How is it collected? Can taxes be collected from a sale that was made in another state, and what is considered a substantial “nexus” in the buyers state. Because 75% of the American population have access and use the Internet (Don’t Tax the Internet) this is an issue that affects the majority of Americans. According to an article published by the Citizens For a Sound Economy, “State and local access fees could add 20-25% to the average Internet consumer’s bill … that may not sound like much in Washington, but it could strand millions of low-income Americans on the wrong side of the digital divide” (Don’t tax the internet).
The Wall Street Journal 15 may 1996: A16 "A Vote for a Sensible Center." Business Week 18 Nov. 1996: 194 "The National Debt. It's Eating Us Alive!" Internet http://www.europa.com/~blugene/deficit/debt.html "The Balance Sheet -- August 11, 1995." Internet http://www.rnc.ogr/news/balance/bal-950815.html "RNC Talking Points Cutting Taxes and Balancing the Budget Bill Clinton's Dirty Little Secret: A $64 Billion Tax Increase" Internet http://www.rnc.org/news/talking/tp-960913.html
13) Malaysian Business, (1997), Eliminating the Parasites, 16th January, pp. 1 14) The Economist (1999), US Edition, Sweatshop wars, 14th February, pp. 62 15) The Economist, (2000), US Edition., Doing Well by Doing Good., 22nd April. 16) Wallace, B., (2001), Cell Phones Trigger Litigation Risks and Ethical Choices, Information Week, 19th February. 17) Wheelen, T. L. & Hunger, J. D., (1995), Strategic Management & Business Policy., Addison-Wesley Publishing Company Inc. 18) Zaino, J., (2001), Companies Give Back to Their Communities, Information Week, 12th March, pp.
Apple broke the news about Jobs’ illness and surgery on the heels of the ... ... middle of paper ... ...sion=2008030510. Gullo, K., C. Guglielmo, and D. Scheer (2009). SEC review of Apple may pit investors against privacy (Update 2). Accessed on February 15, 2009 at: http://www.bloomberg. com/apps/news?pid=20601109&sid=a3N36w1tFNbc&refer=home.
George Gilder the author of “Should We Tax the Internet?” is extremely conservative in his views and is against all taxes. The article aims to convince its readers that Internet taxation is unlawful and should not implemented because of past tax increases results. To make Gilder’s arguments he uses logos arguments based on facts and reasons. Gilder implements his arguments into his article by relating the arguments to different peoples views and things. Gilder’s main argument is that “lower tax rates generate more revenue than higher ones” (Gilder 3).