Feeds

US extends tax-free Net to 2006

Who cares if it's discriminatory?

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

The moratorium on multiple and discriminatory Internet taxes looks likely to continue, following the House Judiciary Committee recent vote by 29-8 to pass an amended version of HR3709. The Advisory Commission on Electronic Commerce sent its majority report to Congress last month. The Committee also agreed to eliminate all taxes on Internet access, so repealing an existing Federal law, but this is misleading as not all of the US has free local access to the Internet, and there are taxes on telephone accounts and calls. Nevertheless, the moratorium on tax-free purchasing via the Internet should continue until 21 October 2006. Local traders have complained this is unfair since their customers do have to pay state and city taxes. Grover Nordquist, a member of ACEC, said that it lays the groundwork for even more taxpayer-friendly Internet legislation next year. On an unrelated international tax matter, the US has until 1 October to comply with the WTO decision that its foreign sales corporation scheme is an illegal trade subsidy. If it is not then ended, the EU could retaliate by putting substantial tariffs on US exports, including IT. It is believed that this has made it possible for Microsoft, Intel and other major players to reduce their taxes by 15 per cent. However, the US government intends to repeal the FSC programme and then introduce new legislation to reduce income taxes on the foreign subsidiaries of US companies. This may be challenged again by the EU.

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.