Special
Reports
by First Atlantic Commerce, Bermuda
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KNOWLEDGEBASE
FACT
FILE
A thorough reference
file of up-to-date information compiled by our
expert editors and arranged in easily accessible
sections. The fact file covers taxation and regulation
of offshore e-commerce, the facilities and services
needed, and reviews the business sectors and functions
which can make use of offshore e-commerce
- Taxation
of Offshore E-commerce
- Regulation
of Offshore E-commerce
- Offshore
E-commerce Facilities
- Offshore
Professional and Financial Services
- Offshore
E-commerce Applications
JURISDICTIONS
The jurisdictions
section of Offshore-e-com.com has in-depth analyses
of e-commerce in three leading jurisdictions -
Bermuda, Gibraltar and the Isle of Man - and has
links to summaries of e-commerce development in
25 other offshore jurisdictions
- Jurisdictions
Menu
E-COMMERCE
GLOSSARY
The Offshore-e-com.com
glossary explains the meaning of many abbreviations
and technical terms met with in offshore e-commerce
- Full Glossary
BUSINESS
GUIDE
No-one likes to pay
too much tax, and the overall burden of tax in
the world's larger business jurisdictions is heavy
not just in itself, but also imposes substantial
and worsening administrative burdens on a business.
Regulation in general just gets more and more
complex, in addition.
Prior to the Internet, there was little that most
types of business could do to rduce tax and regulation,
although individual owners were often able to
go 'offshore' with the proceeds of their work,
and increasingly did so as tax levels rose. Individual
tax levels have fallen back to some extent, and
in some countries, but the taxman has become more
efficient, and the classical equation of working
onshore and enjoying offshore becomes ever harder
to sustain.
The Internet has
changed the equation, and this site attempts to
explain why and how almost all businesses can
substantially reduce their tax bills and preserve
wealth by taking advantage of offshore e-commerce.
This section in particular offers practical help
in choosing a jurisdiction and in setting up an
offshore e-commerce operation.
E-SHOP
BASICS
Describes how to
go about setting up an entry-level e-commerce
retailing operation, in case you want to do it
yourself.
LOCATION
Describes the criteria
that should be applied to choosing an offshore
jurisdiction.
GETTING
STARTED WITH OFFSHORE E-COMMERCE
Describes the criteria
that should be taken into consideration when starting
an offshore e-commerce operation.
CASE STUDIES
There are so many
variable factors in the situation of each company,
including business sector, ownership structure,
country of origin, size, capital structure and
level of profitability, to name just some, that
it is hardly possible to illustrate the principles
of offshore e-commerce in any general way. Still,
case studies can show typical sequences of steps
needing to be taken when going offshore, even
if the detail will be different in each case.
The six case studies
in this section cover six of the more likely business
situations in which offshore has a lot to offer;
but the truth is that the Internet has made it
possible for almost every business in a high-tax
country to get advantage offshore.
For direct assistance
with establishing an offshore e-commerce operation,
see our E-commerce Business Guide.
- Electronic
Products Business to Business Case Study
- Electronic
Products Consumer Case Study
- Physical
Products Business to Business Case Study
- Physical
Products Consumer case Study
- Offshore
Banking and Financial Services Case Study
- Offshore
Corporate Functions Case Study
SPECIAL REPORTS
Special Features
on E-Commerce in Guernsey & Ireland, Gibraltar
& Dubai, and Mauritius and Netherlands Antilles
are available in the Reports
Library along with other previous Special
Features.
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New Jersey Tries To Legalize Online Sportsbetting, by Leroy James, Tax-News.com, New York
03/07/2009 |
| New Jersey governor Jon Corzine is expected to join with New Jersey State Senator Ray Lesniak in a lawsuit claiming that the 1992 federal sports betting ban is unconstitutional and violates states' rights.
[
FULL
STORY ] |
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IRS Electronic Advisory Committee Delivers Report To Congress, by Mike Godfrey, Tax-News.com, Washington
02/07/2009 |
| The Electronic Tax Administration Advisory Committee, which provides feedback on the development and implementation of the Internal Revenue Service’s electronic tax administration strategy, has presented its 2009 annual report to Congress.
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FULL
STORY ] |
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Amazon May Lose Californian Affiliates Over Sales Tax, by Mike Godfrey, Tax-News.com, Washington
02/07/2009 |
| While the National Conference of State Legislators struggles to find a workable formula for a uniform national sales tax on internet sales, several individual states are pressing ahead with their own legislation. Online retailer, Amazon, has sent a letter to the Californian State legislature, threatening to cease doing business with marketing affiliates based in the State rather than accept the responsibility for collecting and distributing the State sales tax.
[
FULL
STORY ] |
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Netherlands May Support 'Old Media' With Internet Tax, by Ulrika Lomas, Tax-News.com, Brussels
01/07/2009 |
| A Dutch government committee’s comments have sparked outrage amongst online
publishers after it was suggested that the industry should be taxed in order to
support the country’s printed newspapers.
[
FULL
STORY ] |
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SOHO House Pays Up For Alleged Software Piracy, by Robin Pilgrim, LawAndTax-News.com, London
29/06/2009 |
| Soho House, the UK's luxury private members club group, has agreed a settlement with the Business Software Alliance for alleged unlicensed use of software.
[
FULL
STORY ] |
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US Supreme Court Rejects State Tax Challenge, by Glen Shapiro, LawAndTax-News.com, New York
25/06/2009 |
| The United States Supreme Court has handed victory to the state of Massachusetts in a case where its right to charge business activity tax was challenged.
[
FULL
STORY ] |
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Commission Calls For Cohesive Internet Governance, by Ulrika Lomas, Tax-News.com, Brussels
23/06/2009 |
| The European Commission, on June 18 called, in a strategic document, for more transparency
and multilateral accountability in the governance of the Internet.
[
FULL
STORY ] |
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IRS Asks Congress To Drop Cellphone Tax, by Mike Godfrey, Tax-News.com, Washington
19/06/2009 |
| The US Treasury is asking Congress to repeal tax legislation concerning the use of employer-provided cell phones because the law is becoming increasingly burdensome for individuals to comply with and for the Internal Revenue Service to administer.
[
FULL
STORY ] |
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Digital Britain Report Unveils New Internet Piracy Measures, by Amanda Banks, Tax-News.com, London
19/06/2009 |
| On June 16, the UK government published The Digital Britain Report, its strategic vision for ensuring that the UK is at the leading edge of the global digital economy.
[
FULL
STORY ] |
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European Commission Publishes Report On US Internet Gambling Laws, by Leroy Baker, Tax-News.com, New York
15/06/2009 |
| The European Commission has published its report on US remote gambling laws and their enforcement against EU companies.
[
FULL
STORY ] |
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French Flunk EU E-Gaming Test, by Ulrika Lomas, Tax-News.com, Brussels
15/06/2009 |
| The European Commission has issued a detailed opinion on France’s draft e-gaming legislation, addressing the maximum payout ratio operators are allowed to give back to players, the restrictions on the freedom to provide services and the use of sporting events’ names. The European Gaming and Betting Association stated that the draft legislation is supposed to regulate the online gaming and betting market in France, but says it is under increasing criticism for only serving to protect the French monopolies.
[
FULL
STORY ] |
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Court Puts Brakes On France's New Anti-Piracy Law, by Ulrika Lomas, for LawAndTax-News.com, Brussels
15/06/2009 |
| France's new 'three-strikes' anti piracy law has been suspended after the country's Constitutional Court deemed it a breach of the country's "presumption of innocence and freedom of speech".
[
FULL
STORY ] |
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E-gaming In Malta Is A Winner, by Ulrika Lomas, Tax-News.com, Brussels
11/06/2009 |
| With a steady stream of visitors coming to visit the Lotteries and Gaming Authority in Malta, following Malta’s highly successful stand at the main e-gaming trade fair in London last January, chief executive officer Reuben Portanier, appointed only 7 weeks ago, said in an interview with Vanessa MacDonald, that Malta flew the flag (for e-gaming) and its presence was reassuring proof of its growing market share.
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FULL
STORY ] |
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Pirate Party Wins European Parliament Seat, by Ulrika Lomas, Tax-News.com, Brussels
10/06/2009 |
| Sweden’s Pirate Party, which wants to 'fundamentally' reform copyright law and abolish the patent system, has won a seat in the European Parliament following recent elections.
[
FULL
STORY ] |
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FAC Collaborates To Tackle Credit Card Fraud In Latin America, by Phillip Morton, Investors Offshore.com
08/06/2009 |
| Bermuda-based First Atlantic Commerce (FAC), a leading international multi-currency
payment and risk management solutions provider, and Promocion y Operation S.A
de C.V (PROSA), the largest provider of electronic transactions in Latin America,
have collaborated to reduce online credit card fraud in the region.
[
FULL
STORY ] |
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