Role of the International Chamber of Commerce in E-Commerce Taxation: Setting Standards Through Self Regulations
The International Chamber of Commerce (ICC) is an international business organization that promotes the open international trade and investment and the proliferation of market economy principles. The ICC has developed the ICC Tools for E-business, a body of rules for business self-regulation of electronic commerce. The ICC also published a paper that discussed e-commerce taxation issues and a Global Action Plan for Electronic Commerce. This plan discussed the aspect of tax and tax tariff on e-commerce transactions and suggested the government measures required in this field.
The following questions have been addressed in this article:What is the position taken by the ICC on e-commerce taxation?
What recommendations does the ICC make with regard to a tax system?
Does the ICC prefer source-based income taxation over residence-based taxation in relation to e-commerce transactions?
What are the administrative guidelines proposed by the ICC on e-commerce taxation policies?