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E-business as currently practiced reduces sales tax revenue for state and local governments. Ecommerce in the US often crosses state borders, and states cannot force an out-of-state merchant to collect sales taxes if the merchant has no physical presence in the state. Instead, in most states the consumer is required to pay a "use tax" on goods that would have been taxed if purchased within the state. Use taxes are self-reported and thus, with exception of large purchases like auto mobiles, go largely unreported. The loss of sales tax revenue from B2C transactions receives the most attention from policymakers because these transactions Payment gateway for school are the most likely to be taxable. However, attempts to tax B2B transactions have occurred as well, despite the economic inefficiency of taxing intermediate goods.

Policymakers have expressed concern over the potential loss in sales tax revenue due to e-commerce. However, for various reasons, the actual amount of lost revenue is likely not substantial. Many e-firms are in industries that do not sell taxable products, such as the travel industry and event ticket industry. Further, e-commerce often replaces similarly tax-exempt mail order purchases. Also, for many online purchases, the merchant has a nexus in the consumer's state, and accordingly pays sales tax. Nevertheless, since sales taxing states receive about one-third of total tax revenue from their sales and use taxes, policymakers there are keenly interested in reducing leakage.

How much tax revenue is lost to e-commerce? Finds that online sales evaporate $612 million dollars of sales tax revenue—only 0. 3 percent of total sales tax—for all state and local governments in 1999. Other estimates find the loss of sales tax revenue at the turn of the millennium to be closer to one billion dollars per year. The estimate, however, is $15.5 billion lost to e-commerce in 2003 and a projected $21.5 billion lost in 2008.argues that such large projections overestimate growth in the future Internet economy and neglect voluntary payments of use taxes by businesses. In addition, the larger projections neglect the dynamic impacts of taxing online purchases as consumers adapt their purchasing behavior to the new taxes.

State and local policymakers, noting the potential to add to state revenue in difficult economic times, are exploring methods to increase sales tax revenue from online Payment gateway for college. Nevertheless, the burden on e-firms would likely be substantial, as there are thousands of taxing jurisdictions in the US with divergent rates.

In the current context of the global economic crisis that began in 2008, it is natural to investigate the role e-business may have played and how e-business may help recovery. While rigorous analysis has yet to be done, some avenues appear promising to explore. For example, the lean inventories that businesses hold up and down the manufacturing supply chain, a product of the "just-in-time" inventory practices enabled by ICT, may have contributed to both the initial downturn and its length. Seeking to minimize inventory cost, firms responded to uncertainty in future demand by severely restricting production.

Preliminary data indicate that almost half of the 6.1% (annualized) decline in US GDP came from reductions in inventory. As retailers begin to expand sales again, some have found that lack of inventory held by wholesalers is delaying the restocking of the shelves. Of course, e-business can also help the global recovery in many ways. To mention just one, the reduced capital required starting an online business, for example, helps spur business formation at a time when credit to startups remains tight.

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