Web undermines traditional revenue collection mechanisms.
Purchase the same book over the Internet from Amazon and there will be no tax to pay. A useful overview of US developments is provided in the online briefing by the bipartisan Congressional Internet Caucus. The US Treasury Department's November 1996 paper on Selected Tax Policy Implications of Global Electronic Commerce remains of value. Another perspective on UN, OECD, WTO and other proposals comes in the controversial report from the American Bar Association's major cyberspace law project. The ABA has called for a global commission to set international rules regarding taxation, banking, consumer protection, privacy, gambling and other online activities.