Corporation Tax And Offshore E-commerceCorporation 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?