Electronic Commerce, Sales Tax, & the Implications for Missouri
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The internet is an ever-growing source of information, services, products, communication, and income for millions of people around the world. With these growing capabilities comes the issue of how to tax goods and services bought via the internet. According to the Internet Tax Freedom Act of 1998, electronic commerce (e-commerce) is defined as “any transaction conducted over the internet or through internet access, comprising the sale, lease, license, offer, or delivery of property, goods, services, or information” (Advisory Commission, 2000). E-commerce is important to state and local governments due to the large volume of sales conducted via the internet and the potential inability to tax and collect sales tax revenue from these transactions.
Kluver, Ashley. (2007). “Electronic Commerce, Sales Tax, and the Implications for Missouri.” Report 7-2007. Retrieved [Month Day, Year], from University of Missouri Columbia, Institute of Public Policy Web site: http://www.truman.missouri.edu/ipp/