Wednesday, August 15, 2012
We keep the Internet Tax Moratorium!
L '(Internet tax moratorium) ITM law was designed as a means of encouraging Internet technology, infrastructure and e-commerce platforms. The rationale behind the moratorium was that, by preventing new taxes on certain Internet-related activities, such as Internet access, taxes on Internet transactions involving different jurisdictions, and discriminatory taxes that treat Internet purchases differently from other types of Commerce.
The moratorium was a bipartisan effort to stop federal, state and local governments to stifle the growth of the Internet economy and to help businesses related to the Internet to create new jobs. Proponents of the law also cite studies that taxing Internet access would have an adverse effect on the ability of low income families to have access to the Internet and cause a devaluation between rich and poor. In renewing the law, President Bush declared that "the Internet is an innovative force that allows applications such as distance learning and precision agriculture." The President went on to say that the government had an obligation to help make the Internet accessible to not add taxes to it and make it more expensive.
Although the Internet and supporting technologies that are still in their infancy, are a driving force in the global economy. The government often uses tax incentives to encourage growth in depressed sections of the economy and economically depressed regions of the country to spur development and investment. Internet has and will continue to benefit from the ITM for all the time is extended and the world reap the rewards and benefits of a growing and prosperous Internet economy and the Internet.
Internet is helping to improve on everything from the space program to save endangered animal species. The government must continue to "stay out of the way" of researchers, entrepreneurs and companies that are cutting-edge Internet technologies. This is achieved by not adding heavy taxes to Internet access and Internet transactions. The ITM will leave the internet continue to grow like no other medium has.
(C) 2006, Marcus Barber ......
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment