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bgbrtbtrbnrtbnrtbnrbnrtbnrbnrtbnrtbnThe Internet Taxation The rapid growth of electronic commerce is likely to revolutionize home and work life. The economics and finance are the biggest field to be affected by this. The biggest impact of this wave of change in business practices will definetly be on tax system. The present system on businesses requires them to pay taxes if they sell their merchandise from their shops or stores. But the talking point is whether the online …

…of which have been sold via mail-order for many years, are subject to the same rules as mail-order sales. Transactions occurring only on the Internet include digital product sales, such as software, books, and music downloaded from the Internet. However is no official guidance at all, in any state, on downloaded music, books, or video. Internet-based services are usually not subject to sales and use tax, because most states tax only a few selected services