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Essay / Research Paper Abstract
This 4-page paper focuses on e-commerce and taxation issues as they pertain to Canada. CCRA and OCED reports are discussed as well. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTecomca.rtf
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Unformatted sample text from the term paper:
taxation. How should goods and services be taxed on the Internet, especially if those goods and services are going to another country? According to Canadas Revenue Agency, all existing tax
laws apply to business that is conducted over the Internet, and how the income is reported depends on whether the business is a sole proprietorship or corporation.
Furthermore, another study issued in 1998 determined a few things in terms of taxation on the Internet. First, the study noted that a non-resident who
might be transacting business with Canadians through a Web site is considered carrying on business in Canada, and subject to the taxes that would be inherent in the situation (Canada
Revenue Agency, 2002). It was also concluded that, in some circumstances, a Web site located on a Canadian-located server can "constitute a permanent establishment of a non-resident," also involving taxation
in that scenario (Canada Revenue Agency, 2002). OCED, however, has indicated that transfer-pricing guidelines could be applicable to e-commerce trades as well,
as some e-commerce operators could be considered permanent establishments of Canada. This might be true, to an extent, but Canada Revenue Agency points out that simply using OCEDs definition of
transfer pricing is much more complex than simply establishing permanent residence through a Web side or Canadian server. For one thing, the
Canada Revenue report notes, trying to characterize e-commerce payments for taxes is difficult, because "the distinction between the different things that may be purchased will be elusive in many situations"
(Canada Revenue Agency, 2002). Even more recently, the Canada Customs and Revenue Agency (CCRA), along with provincial forces, have been working hard
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