E-commerce law Essay Example | Topics and Well Written Essays - 6000 words

E-commerce law - Essay Example e, offer, or delivery of property, goods, services, or information, whether or not for consideration, and includes the provision of Internet access†2 E-commerce has developed rapidly and has a huge potential in the 21st century. In August 2005, one of the research institutes in America published that in the past several years the development rate of electronic commerce was up to 97%, occupied 8% of the total trade in American.3 According to United Nations Conference on Trade and Development, the electronic commerce total trade figure was 12 ä ¸â€¡Ã¤ º ¿dollars in the world within 2006, which is 18% of international trade volume. It also indicated that electronic commerce will keep increasing with the rate of 50% within the future. In China, electronic commerce started developing rapidly within recent years, especially in big cities such as Beijing, Shanghai and Shenzhen. In 2004, the total electronic trade value was 4400 million Yuan, which was an increase of 47% compared with 2003. The figure increased sharply into 6000 million in 2005.4 Xiaoping Song, the head officer of China Electronic Commerce Association, indicated that the development of electronic commerce in China will come within a booming era.5 This paragraph below shows the development of e-commerce trade value in China from 2001 to 2006. The unit of each year is hundred million Chinese Yuan. Although the development of electronic commerce has been both rapid and dramatic, it makes an ongoing process in taxation even more evident. It challenges both tax authorities and taxpayers throughout the world. How to maximize the potential efficiency gains of the Internet and protect the revenue base without hindering the development of new technologies are challenges for tax authorities. Tax bases are becoming more and more mobile.6 As to the issue of China, it is vital for Chinese government to make more effort for the protection and development of this sun-rise industry. However, due to the emergence of