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News: Daily news and background data on tax and legal developments
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A topical guide to offshore e-commerce focused on tax and regulation.
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One of the web's largest and most authoritative business and investment
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The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
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E-commerce
raises many new issues for governments, tax
authorities, legislators and the courts, and
of these by far the most challenging is the
question of taxation. The growth of offshore
e-commerce adds an extra layer of difficulty.
As a
general proposition, almost any business involved
in e-commerce can gain from moving partly or
wholly offshore, not just on a fiscal level
but also through increased flexibility. The
tax benefits are primarily through reduced corporation
tax, but some types of offshore e-commerce transaction
also escape sales taxes.
This
report analyses the offshore jurisdictions that
have led the way in offering professional e-commerce
regimes for international business, with a particular
focus on e-gaming.
CONTENTS
The
On-Line Gaming
survey reviews the current state of the offshore
betting and gaming sector, covering the key
offshore and onshore countries which have figured
prominently in its development.
Internet gambling generated $10 billion in revenue
worldwide in 2005. Roughly 1,400 sites are operated
by 250 companies, situated in several dozen
countries where Internet gambling is either
not regulated or is explicitly licensed.
America
is course far from being the only country to
impose extensive controls on betting and gaming:
they are tightly controlled if not banned outright
in many countries, and where they are permitted
they are often heavily taxed. Therefore the
exodus of gambling firms to offshore continues
apace. By now, large parts of the betting and gaming
industry have moved offshore, and the sector's
turnover has been expanding rapidly as previously
unsatisfied demand has responded to new freedoms.
However, repressive US legislation in 2006 has
thrown a shadow across a previously booming
sector.
Introduction
Gibraltar
Alderney
Isle
of Man
Antigua
Malta
Costa
Rica
Vanuatu
All Intelligence Reports are updated on a weekly
basis with the latest relevant information,
and constitute the most complete authoritative
material available in their various subject
areas.
The
Offshore E-Gaming Intelligence Report costs
just US$45 (approx 25GBP, 33EUR) for unlimited
access and download.
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