Consumer To Business e-commerce Presentation

Internet Tax Freedom Act

• Internet Tax Freedom Act- passed by Congress October 1998
• Establishes a moratorium on direct and indirect state or local taxes on the Internet or interactive computer services or the use of those services.

State Revenues that could be generated from an Internet tax

• This year State and local governments will lose $13.3 billion
• An estimated $45.2 billion loss in annual revenue in 2006 and $54.8 billion by 2011

Reasons for Internet Tax

• Toll on State Revenue
• Government should not be in position of creating incentives to buy online
• Uneven Playing Field for Offline retailers
• E-commerce has advanced
• Based on what you buy not where you buy

Other Interesting Facts About E-Commerce Sales

• Average amount spent per person
• June: $247.00
• July: $270.00
• August: $273.00
• September: $262.00
• Number of households shopping on-line
• June: 13.1 million
• July: 14.7 million
• August: 14.8 million
• September: 15.2 million