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the impact of internet
the impact of internet
the impact of internet
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The Internet Should be Taxed
In 1998, retailers sold nearly $8 billion goods and services to consumers over the Internet, or on-line, while business to business online commerce was valued at an estimated $17 billion. Business weekly magazine (June 22, 1998) predicted that Internet commerce would increase the U.S. gross domestic product (GPD) by between $10 billion and $20 billion annually by 2002. They argue that imposing new Internet taxes, at least during the next few years, would bog down the Internet's growth and stunt a sector of the economy that is currently flourishing. For now industry leaders say it is important to build consumer confidence in the Internet by refraining from imposing taxes or other regulatory barriers that may deter people from shopping on line. Internet retailers must charge a sales tax only if the company has some kind of physical presence, such as a warehouse or an office, in the state where the customer is buying the item. Otherwise, companies do not have to add the sales tax to the purchase price.
In 1997, Sen. Ron Wyden introduced the legislation that developed into the Internet Tax Freedom Act. The ITFA called for a moratorium of approximately six years on the taxation of Internet transactions, access, or communications. Wyden called the moratorium a "time out" period that would give the Internet the opportunity to continue to grow. The goal of the legislation was to give lawmakers and Internet industry time to figure out a national taxation policy. Many businesses, he says, would be scared away from the Internet if they were burdened with the responsibility of monitoring and enforcing a thicket of conflicting sales taxes imposed by various states and municipalities.
Indeed the potential loss of tax revenue for states and municipalities is one of the biggest concerns. Unlike the federal government, which does not impose a sales tax, states are heavily dependent on sales taxes to raise revenues. Sales taxes comprise 49% of tax revenues collected by the states, while state income taxes comprise only 33%, according to the federal statistics. Critics of the ITFA say that if states municipalities are not permitted to collect taxes on Internet transactions, they could lose much needed revenue that helps pay for government services such as highway construction and public education. Others say that not collecting sales tax from the Internet is inherently discriminatory since businesses that do not engage in electronic commerce must still charge sales taxes.
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. Online merchants, however, do not collect sales tax from consumers who shop from a different state. Out of state consumers are subject to a different tax, a use tax which is “a tax imposed on the use of certai...
In 1994, Internet commerce (e-commerce) was miniscule. One day in the spring of 1994, Bezos who was already crazy about computers observed that Internet usage was increasing geometrically and more and more people were getting excited about its astounding commercial possibilities. A few inventors were already trying to make use of the new technology. Bezos saw an opportunity for a new sphere of commerce, and immediately began considering the possibilities. The thought foremost in his mind: "What is it that users cannot get easily offline that will sell online?"
...upply this, since they would run afoul of the Commerce Clause, as did New York in Pataki. Thus, Congress must provide the legislation. Furthermore, since the Internet is international, this legislation must stem from international treaties.
The Internet Tax Freedom Act was authored by Rep. Christopher Cox and Sen. Ron Wyden, and signed into law on October 21, 1998 by President Bill Clinton. This law bars state and local governments from taxing Internet access service. In 2003 the House of Representatives approved bill H.R. 49, the “Internet Tax Non-Discrimination Act of 2003.” This bill would expand and make permanent a federally imposed “moratorium” on state and local taxation of sales of “Internet access” services. States and local governments would be permanently prohibited from charging sales taxes on the monthly service charge that households and businesses pay to be able to access the World Wide Web.
Mougayar, W. (1998, November 2). E-commerce? E-business? Who e-cares? Computerworld Parker, R. P., & Grove, C. B. (2000, July). Census bureau moves ahead on measuring e-business. Business Economics, 35, 63-65.
"The government should not be in charge of the internet. The reason why that the government should not be in charge of our network is because, if the government would be in charge of our network it would not be fair for some people because the government would say everybody has to pay more money and would have to pay more in taxes. Net neutrality is the principle that internet service providers should enable access to all content and applications regardless of the source and without favoring or blocking particular products or websites. Instead of trying to regulate the Internet, these rules should be repealed in order to promote competition and innovation in the broadband market, which will result in more choices and better products for Americans at lower prices. Example when there is a big family and they use netflix, youtube, and hulu a lot and then there is one person that lives by him/her selves lives and don’t use those websites that much the government would make the one person pay as much as the big family would.
Tax reform has undergone much debate in the political stratosphere recently. The tax system has been stigmatized because of a multitude of reasons that include corruption. Additionally, tax reform is a very complex issue. In addition, there has been an abundance of negotiations in Congress to pass some type of tax reform. Despite these talks, actual action has remained stagnant. This topic clearly reflects the collective action principle and the policy principle due to failed tax reform negotiations and the outcomes of various legislation.
During the late 1990’s many new companies were set up to utilise the perceived advantages from using the internet in business, however, with their rapid rise and fall they soon created a phenomenon known as the ‘dot.com’ era (Lovelock, 2001). Questions were then raised about the added value that the internet brought to business and how these technologies could be used competitively. Grocery companies chose to diversify their service by introducing online equivalents of conventional stores. Porter (2001, p.62) criticised numerous pioneers of Internet business for infringement of fundamental strategic principles:
In the United States, accumulation of material goods as well as wealth is very valued and individuals are highly aware of exactly how much money they earn. The system is transparent and democratic. However, there is an extreme difference between how much money someone earns in wages and other gains and how much they actually go home with. The difference between gross and net income originates in the system of taxation based on income earned. Since the income tax has existed, the income tax code has become increasingly more complex and difficult to understand. Businesses and individuals have suffered at the difficulties and costs of complying with the income tax. There are many other ways a government can collect taxes, the income based tax system does not stand alone as the only option for collecting tax revenue necessary to fund the federal government. Instead of taxing the money that a business or individual earns the government could tax money that they spend.
"In this Technological Age, the role of the government in regulating the internet and its content has increasingly been coming into question. The issue is often between how much the government can be involved for the safety of its citizens while still maintaining their privacy. Federal, state, and local governments should have the ability to monitor internet content for the safety and protection of its citizens, but governments should not be able to interfere and limit the spread of information.
I spend over 4 to 5 hours on internet each day. Because people already have to pay for their phone and the bill each month. Such as AT&T, Comcast, and Verizon from controlling what people can watch and see on the internet. This allows educators, students, and families access to information, apps, websites, and videos. I think people should not have to pay for internet access.
In spite of being the home of the free, America’s government has become overly observant of the people. The internet has been an unregulated possession of the Americans since 1965, but in 2015 things could possibly change. As Americans lose privacy day by day the internet should stay free of government regulation. If the government regulates the internet it will oppress freedom of speech, deprive Americans of useful information, and the exhaustion of tax payers’ money.
Online monetization and E-commerce have grown while internet was growing. E-commerce is any activity that includes profits and/or money transfer, and online monetization is the trend that seeking money and profits becomes more and more popular online. In 2012, United States made $40 billion online revenue (Salazar). According to the Pew Internet & American Life Project, 66 percent of the adults online have purchased something over the Internet. This includes searching, contents viewing, social graphing, transactions, communication, and app purchasing. E-commerce has gradually been developed with its own market division. It has its own seeking profit programs and money flow cycle.
Technology is growing at an uncontrollable rate in today’s world. Along with this, so is the internet. Regulating the internet is becoming a major issue all over the world. Some people don’t believe it is possible for the internet to be regulated and many think it should not be regulated at all because it infringes on our rights of free speech; while many believe it will have to be regulated to protect people of all ages and all backgrounds. There are three aspects of the internet that have to be regulated; criminal activities, illegal content, and harmful/offensive content. All three of these appear on the internet in many different ways and are becoming a major problem in today’s world. These problems can and have to be regulated in order for the internet to be safe for the public.
Internet Taxation is a burning issue that has stricken all sides of the field in intense discussions since the late 1900. This burning issue hides many grounds. The familiar delusion is that internet taxation is purely the demanding of purchases acquired on the internet either through buyer to buyer or business to buyer. Although this does remain one of the issues, the extremely irritating to those behind the scenes and is the second half of this tough issue the use of the internet instead of a phone line. In numerous different ways both of these issues could disturb patrons and professional alike. In the local economies this can be very damaging, but it is harmless to make people believe otherwise.