Abstract
The new economy has been viewed as a great challenge for existing tax principles. New type of transactions such as e-commerce have been studied in depth and theoretical inquiries as well as practical studies have pretty well explained how the existing tax rules can be applied to new economy transactions. It is now time to move forward. Next step in the field should focus on whether those results are suitable in light of tax policy principles. The aim of this paper is to study the consequences of current tax treatment of new economy transactions with respect to international tax policy. Particularly, since the mere application of existing principles to the new economy involves a shift of taxes from importing countries to exporting countries, it is important to analyze alternative proposals in order to preserve the balanced sharing of taxes between countries. This study is focused on the corporate income tax on cross-border sales of products or services.
Published Version
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