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ECT News Community   »   E-Commerce Times Talkback   »   globalization of ecommerce



globalization of ecommerce
Posted by: phfcpa 2004-01-16 06:52:07
One issue not raised in the article was the imposition of VAT by the EU community on downloaded software and the cost of compliance as well as registration.
The other issue is one of nexus and possibly being required to file an entity income tax where you may not have a physical presence.
Lastly, there was no reference to the US issue of State Streamline Sales Project (SSTP) where the states want to add a sales tax (their equivalent of VAT) on downloaded software.
These issues must be taken into consideraion before one jumps the international borders and starts selling in another country.
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