E-commerce: advantages and challenges

Abstract

E-commerce affect the governments and the countries we live in. To begin with, as electronic commerce grows, governments will find it harder to raise taxes. Every day, trillions of dollars move around the global electronic money markets as corporations carry transactions in low-tax jurisdictions. As products and services that have traditionally been delivered physically are transferred electronically, the tax deficit will grow. People are increasingly buying goods and services via the internet from places out their where sales taxes are lowest.