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Corporation Tax And Offshore E-commerce

Corporation tax, also called income tax, is levied on the profits of an incorporated business. Offshore e-commerce poses some serious challenges to Governments worldwide regarding taxation of profits. This summary addresses the issue of corporation tax and its treatment in offshore e-commerce transactions.

The following questions have been addressed in this article:

What do offshore financial centers have to offer regarding e-businesses corporation tax?
What happens when several countries assert permanent establishment?
Within this framework, what is the effect of e-commerce?
What constitutes permanent establishment for e-businesses?

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Author:

IBLS Editorial Board
Staff Attorney

Date Added:11/10/2003
Last Modified:5/18/2007