What are the issues related to state sales and income taxation relative to e-commerce? Include a brief discussion of the points listed below* Please show your work below. .          * Collection of sales and use tax responsibility. * Identification of businesses that derive income from state. * Nexus of an e-business with a state * Difficulty and cost of e-businesses complying with requirements of multiple states and countries. * Unfairness to brick-and-mortar retailers if sales/use tax is not collected on Internet purchases. * Desirability of encouraging growth of e-commerce.

Q: .Several benefits accrued to Gov’t from taxation. As a tax expert who has failed your lecturer you…

A: Taxes are mandatory or monetary charges that the government imposes on individuals or organizations…

Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…

A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…

Q: a. Explain what is meant by general anti-avoidance rule.  B).  State what impact this could have on…

A: Anti-avoidance in general:- The GAAR is a concept that allows a country's Revenue Authority to deny…

Q: In order to simplify the tax code, current regulations require that a dollar of income earned by a…

A: US levy of Tax: Tax is levied by US government on the citizens and citizens for their world wild…

Q: Suppose a state imposes a higher tax on out-of-state companies doing business in the state than it…

A: Equal protection of taxation If the state which was imposing the tax system to their society with…

Q: Which of the following statements is true?   A.) A company must use FIFO for both tax reporting and…

A: There are various methods available for inventory valuation.

Q: the connection between a state and the business that the state is seeking to tax Select one: O a.…

A: Lets understand the meaning of all the options. Average tax rate is a tax rate at which tax payer…

Q: Discuss the merits of this exclusion in terms of both efficiency and equity

A: Concept introduction:   Deadweight loss: The reduction in the total surplus due to some distortion…

Q: Explain the various business organization and the type of taxes calculated by each type of business.

A: Disclaimer: "Since you have multiple questions at a time so we have done the first question for you.…

Q: The Federal Trade Commission (FTC) brings a deceptive trade practice action against Beneficial…

A: The slogan “Instant tax refund” is highly misleading. When the financial product of Beneficial’s…

Q: The Congress of the Philippines enacted a law exempting the compensation and/or allowance or…

A: The Congress of the Philippines enacted a law exempting the compensation and/or allowance or…

Q: What are some aspects of business that require knowledge of taxation? What are some aspects of…

A: ●What are some aspects of business that require knowledge of taxation? What are some aspects of…

Q: Not-for-profit entities and state and local government organizations are small in comparison to the…

A: Custodial fund or account refers to the financial account which is set up for the beneficiary…

Q: The primary purpose of taxation is to raise revenue for the support of the government. However,…

A: Taxes are the amounts of liabilities that are to be paid by the persons to the government either…

Q: Discuss the issue of equity in taxes in the U.S. generally and in Texas specifically?

A: Texas has the second-largest economy within the u. s., with a gross state product of $1.8 trillion…

Q: axation is described as a symbiotic relationship whereby in exchange of the benefits and protection…

A: Tax represents the liability for an individual or company that has to be paid to the government. It…

Q: The federal tax laws, written by W, are found in the X. The rules related to these tax laws are…

A: Tax: It is compulsory to charge imposed on the taxpayer by the government. Tax is the main source of…

Q: For the purposes of the Goods and Services Tax (GST), when a registered business makes an input…

A: For the purposes of the Goods and Services Tax (GST), when a registered business makes an input…

Q: The purposes and objectives of taxation are as follows, except    a. It is a means of reducing…

A: The objectives of taxation includes: resource allocation income distribution price stability…

Q: When a sale is made and sales tax is collected from the customer, the sales tax is recorded as a/an…

A: Sales tax is collected by the business owner for the government from the customer .

Q: Propose a tax measure in order for the government to eaarn addtional revenue with emphasis ont he…

A: Since you have asked two questions but we provide solution to one question only kindly resubmit…

Q: fiscal

A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…

Q: Dian Duty Free is a are retail outlets whose goods are exempt from the payment of certain local or…

A: Financial Ratio Analysis helps the investor to know the real financial position of the company.…

Q: Which of the following is not a common difference between net business income on the books…

A: * As per Bartleby policy, if question are unrelated then answer first only. As per IRS , business…

Q: A domestic transportation contractor by land is engaged in the transport of passengers, goods and…

A: VAT is known as the value added tax It is a type of tax which falls under the category of indirect…

Q: The 2017 Tax Cuts and Jobs Act created a territorial tax system where taxes are accrued in the…

A: Answer: Statement is true.

Q: What type of organization primarily offers tax compliance, auditing, and consulting services?…

A: corporations - The Main business of corporations are sale of goods and services with Profit Motive…

Q: With the intention of limiting contact by taxpayers when dealing with the BIR and at the same time…

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: The BIR issue Revenue Memorandum Circular No. 97-2021 inre: Taxation of Any Income Received by…

A: Taxation for Social Media Influencers Nowadays, the revenue earning through the social media sites…

Q: Sale of goods or services by any person or entity may result to the payment of income tax.

A: Option a is wrong because sale of goods or services itself does not result in the payment of income…

Q: When entering tax classes for the sales transaction type, what two items must you enter the tax…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: It is the obligation of compulsory taxes on individuals or corporations by governments. Taxes are…

A: Tax Imposition: Nearly every nation on earth has some kind of taxation, which is defined as the…

Q: Suppose a state imposes a higher tax on out-of-state companies doing business in the state than it…

A: The tax treatment of companies depends on their residential status and type of corporation.…

Q: Compute the income tax due if Sandbox Corporation which is an MSME domestic corporation reported the…

A: Answer:- A Computation of income tax due if Sandbox is a resident foreign corporation:-  Income tax…

Q: ys lead to the recognition of a deferred tax assets? Explain your answer with suitable example.…

A: ANSWER 1 Deferred Tax refers to either a positive (Asset) or negative (liability) entry on company…

Q: Which of the following taxes is allowed to be deducted from gross income derived from the exercise…

A: Income is earned through different sources all over the world. There are general areas that generate…

Q: 11. Due to the enactment of the CREATE Law, some provisions therein produced confusions on the part…

A: Here asked for multi question we will solve for first question for you according to guidelines.  If…

Q: According to the PCAOB, which of the following tax services would impair independence? A. Tax…

A: The mission of PCAOB is to oversee the auditors of the public companies, protect the investors…

Q: taxes commonly used by many countries includes: - import duty payable on specific types of imprted…

A: Direct tax refers to tax payment made by a individual or any other legal entity such as firm,…

Q: Based on the discussion of tax purposes and principles, what can say about the taxation system in…

A: Tax is a charge which is charged to those persons whose income during the year exceeds the tax…

Q: This branch involves the preparation of tax returns and the rendering of tax advice to clients, such…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…