Special
Reports
by First Atlantic Commerce, Bermuda
|
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.
New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
| |
| TODAY 10/03: Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03 Personal
Business Tax Guide, PBTG, has launched!
|
 |
| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
|
| 24/02 Lowtax
Cyprus, annual update
|
| 22/02 Lowtax
Brunei, annual update
|
| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
|
| 15/02 Lowtax
Australia,
major content expansion
|
| 27/01 Lowtax
Germany, major content expansion
|
| |
|
| |
| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| |
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US Sales Taxes Rise, by Mike Godfrey, Tax-News.com, Washington
Last updated 10 hours ago | Wednesday, March 10, 2010
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| According to the annual 2009 Sales Tax Rate Report by Vertex Inc., a provider of corporate tax advice, a record-breaking 7 states – in addition to one district – have increased their sales tax rate in 2009 and the average number of sales tax rate changes from 2008 to 2009 has increased by more than 30% compared to the average number of changes from 2000-2007.
[
FULL STORY ] |
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Paddy Power Mulls Offshore Move, by Jason Gorringe, Tax-News.com, London
Thursday, March 04, 2010
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| Upon the publish of financial results for the year 2009, Paddy Power’s Chief
Executive, Patrick Kennedy, warned that further increases in the tax burden on
Irish bookmakers could force the company to locate some of its operations offshore
- likely to Gibraltar - mirroring recent moves by UK rivals, Ladbrokes and William
Hill.
[
FULL STORY ] |
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Rank Calls For Simpler UK Gaming Tax, by Robin Pilgrim, LawAndTax-News.com, London
Wednesday, March 03, 2010
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| The Rank Group Plc has published proposals for the creation of a single regime of taxation for all betting and gaming activities in the UK.
[
FULL STORY ] |
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India Improves Tax Administration, by Mary Swire, Tax-News.com, Hong Kong
Thursday, March 04, 2010
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| Further reforms in tax administration for India are being pushed forward following the announcement of the 2010-11 budget.
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FULL STORY ] |
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Kentucky To Tax Online Gambling, by Mike Godfrey, Tax-News.com, Washington
Wednesday, March 03, 2010
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| At the same time as Kentucky takes action in the courts to abolish 141 online gambling sites, the state House has passed a bill to introduce taxes for 'advanced deposit wagers' on horse racing placed by Kentuckians by phone or online.
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FULL STORY ] |
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US Senate Considers Internet Gambling Tax, by Mike Godfrey, Tax-News.com, Washington
Monday, March 01, 2010
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| Senators Ron Wyden and Judd Gregg have proposed measures to tax and regulate internet gambling in the United States as part of the 'Bipartisan Tax Fairness and Simplification' Bill, introduced recently in the Senate.
[
FULL STORY ] |
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EC Challenges Google On Anti-Trust Issues, by Ulrika Lomas, LawAndTax-News.com, Brussels
Friday, February 26, 2010
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| The European Commission has announced its decision to launch an antitrust inquiry following complaints filed by three online companies against Google.
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FULL STORY ] |
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European Court Advisors Challenge Anti-Competitive Practices In Austria And Sweden, by Ulrika Lomas, Tax-News.com, Brussels
Thursday, February 25, 2010
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| Two Advocate General opinions at the European Court of Justice in cases related to gaming and betting restrictions, respectively in Austria and Sweden, are viewed as positive progress in the struggle to remove anti-competitive practices.
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FULL STORY ] |
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Sears Chairman Says Current US E-commerce Tax Rules Are Not Sustainable, by Mike Godfrey, Tax-News.com, Washington
Wednesday, February 24, 2010
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| In his 'Chairman's letter', Sears Holdings Chairman, Edward Lampert, stated that the unbalanced competitive advantage created by E-commerce's failure to collect sales tax meant that the current set of rules would not be 'sustainable without severe competitive and community damage over time'.
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FULL STORY ] |
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Four More US States Line Up To Tax E-Commerce , by Leroy Baker, Tax-News.com, New York
Tuesday, February 23, 2010
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| Maryland, Illinois, Vermont and Virginia have followed the lead of New York, North Carolina and Rhode Island, by submitting bills which would force online retailers with locally based marketing affiliates to collect sales tax for their state, the so-called 'Amazon tax'.
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FULL STORY ] |
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Russian Tax Authority Mishandles Payment Terminal Registration, by Tatiana Smolenskaya, Tax-News.com, Moscow
Friday, February 19, 2010
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| Automatic payment terminals in Russia could be brought to a halt in April, since the Russian Federal Tax Service is reaching crisis point in the registration process, which by law is supposed to be completed by April 1, 2010.
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FULL STORY ] |
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Colorado Passes 2.9% Internet Sales tax Bill, by Mike Godfrey, Tax-News.com, Washington
Monday, February 15, 2010
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| Colorado has passed House Bill 1193 to add a 2.9% sales tax to Internet purchases made by Coloradans.
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FULL STORY ] |
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European Betting Companies Look To EC For Moves Towards A Single Market, by Ulrika Lomas, Tax-News.com, Brussels
Monday, February 15, 2010
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| European Internal Market Commissioner Michel Barnier's recent commitment to address the situation of gaming and betting at EU level has been welcomed by the betting industry, despite increasing evidence that European countries are going their own ways.
[
FULL STORY ] |
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French Senate Finance Commission Accepts Proposed 'Google' Tax, by Ulrika Lomas, Tax-News.com, Brussels
Monday, February 15, 2010
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| The Senate Finance Commission has adopted an amendment to the country’s
2010 supplementary finance bill, providing
for the introduction of a tax levied on online advertising.
[
FULL STORY ] |
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Online Gambling Will Be Tested In French Courts And Senate, by Ulrika Lomas, LawAndTax-News.com, Brussels
Thursday, February 11, 2010
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| Three of France's largest casino groups have joined together to sue several online casino operators with the objective of blocking any licensing to the defendants for at least two years.
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FULL STORY ] |
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China Will Crack Down On Online Gambling Industry, by Mary Swire, Tax-News.com, Hong Kong
Wednesday, February 10, 2010
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| According to a statement from the Ministry of Public Security, a campaign has been launched to crack down on 'domestic and foreign groups that organize online gambling, and severely punish criminals'.
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FULL STORY ] |
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China To Enforce Tax And Registration System For E-Commerce, by Mary Swire, Tax-News.com, Hong Kong
Monday, February 08, 2010
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| In accordance with 'Internet Information Services' (State Council Order No. 292), the Beijing Bureau of Industry and Commerce, responsible for business registration and regulation in China, said it wishes to revive 2008 plans to register and tax e-commerce in order to 'standardize its regulation and combat illegal Internet activities, promoting the integrity of the system'.
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FULL STORY ] |
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US Congress Debates Internet Sales Tax Question, by Mike Godfrey, Tax-News.com, Washington
Monday, February 08, 2010
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| The US House Judiciary Subcommittee on Commercial and Administrative Law has sat to discuss 'State Taxation: The Role of Congress in Defining Nexus.' The Tax Foundation advocated a physical presence standard in written testimony, especially in an age of e-commerce.
[
FULL STORY ] |
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Belgium Introduces Tax On Digital Storage Devices, by Ulrika Lomas, Tax-News.com, Brussels
Thursday, January 28, 2010
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| From February 1, 2010, the Belgian government aims to impose an additional tax
on the purchase of USB keys, MP3 players and external hard disks to pay for
the reproduction of audio and audiovisual works.
[
FULL STORY ] |
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UK Think Tank Questions Necessity Of Telecoms Taxation, by Robert Lee, Tax-News.com, London
Monday, January 18, 2010
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| A new report from UK think tank Policy Exchange has called into question the use
of a telecommunications tax to fund proposals for introducing high speed broadband
nationwide.
[
FULL STORY ] |
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Spain Seeks Larger Share Of Online Gambling Tax Revenue, by Ulrika Lomas, Tax-News.com, Brussels
Thursday, January 14, 2010
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| The various provincial and federal gaming authorities of Spain that together participate in the Sectoral Gaming Commission have met at the Ministry of the Interior in Madrid to discuss regulation of the Spanish online gaming sector.
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FULL STORY ] |
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Hopes Pinned On Legalized Online Gambling To Rescue Estonian Gaming Revenues, by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 11, 2010
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| From the beginning of 2010, online gambling is being licenced and taxed in Estonia in an effort to boost public finances through taxes on gaming operators.
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FULL STORY ] |
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France Proposes 'Google Tax' To Protect Cultural Heritage, by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 11, 2010
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| A report presented recently to the French Culture Ministry has proposed a series
of measures designed to improve the legitimate supply of cultural
services provided over the Internet and their financing, including most notably the introduction
of a new tax to be levied on the online advertising revenue derived by Internet
giants such as Google.
[
FULL STORY ] |
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UK Proposes New Licensing Regime For Overseas Online Gambling Firms, by Robin Pilgrim, LawAndTax-News.com, London
Friday, January 08, 2010
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| UK Sports Minister Gerry Sutcliffe wants to bring in new licence requirements for overseas-based online gambling firms who want to have a customer base in Britain. This would help to broaden the tax base of gambling activities.
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FULL STORY ] |
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US E-Commerce Sales Rise 5% Over Christmas 2009, by Leroy Baker, Tax-News.com, New York
Tuesday, January 05, 2010
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| Retail e-commerce spending in the US for the holiday season from November 1 through Christmas Eve reached approximately USD27bn, an increase of 5% over the same period a year ago, according to a report by comScore inc, digital market consultants and statisticians.
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FULL STORY ] |
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Google Pays Modest Tax On UK income, Reports Claim, by Robin Pilgrim, LawAndTax-News.com, London
Tuesday, December 29, 2009
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| The UK press has become critical of internet giant Google after accounts were published that appear to indicate that the company paid minimal UK corporate income tax.
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FULL STORY ] |
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S Korea Sees Illegal Online Betting Surge, by Mary Swire, Tax-News.com, Hong Kong
Wednesday, December 23, 2009
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| Illegal gambling on horse racing in Korea, primarily online, could have increased to KRW30 trillion (USD25.5bn) – up to 10 times the 2004 level, according to Korean Institute of Criminology research.
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FULL STORY ] |
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Ladbrokes: EU Advocate General E-Gaming Opinion Unfavorable, by Ulrika Lomas, LawAndTax-News.com, Brussels
Tuesday, December 22, 2009
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| Ladbrokes plc has criticized the European Advocate General's opinion as being unfavorable as regards its case against Dutch gaming law.
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FULL STORY ] |
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Intrastate Online Gambling Gets Hearing In California, by Mike Godfrey, Tax-News.com, Washington
Friday, December 18, 2009
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| A consortium including the Morongo Band of Mission Indians and the Commerce Casino want to set up and operate poker websites in California, and the chair of the Governmental Organization Committee, state Senator Roderick Wright (D-Inglewood, Los Angeles County), said that he wants hearings to take place in February 2010.
[
FULL STORY ] |
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OECD Publishes 2009 Comparative Science, Tech and Industry Scoreboard, by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 18, 2009
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| The Organization for Economic Cooperation and Development Science, Technology and Industry Scoreboard 2009 illustrates and analyzes a wide set of indicators of science, technology, globalization and industrial performance in major countries.
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FULL STORY ] |
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