The study prepared for the Institute of International Trade of Ireland in July 2000 is now available. As electronic commerce continues to evolve, taxation authorities around the world are studying the implications for levying and collecting tax. Unfair discrimination between the Internet as a delivery channel and conventional channels must also be avoided. There appears to be a broad consensus among tax authorities that e-commerce should fit into the existing tax framework as far as possible. Investing in an emerging new economy company requires as much care and diligence as any old economy investment.
Technology companies require significant funding in the initial stages.
The benefit for the investor in making the investment at a relatively early stage of the company s development is to acquire equity cheaply with the expectation of significant capital appreciation. The seminar was organised by Competition Press in association with McCann FitzGerald and examined the practical aspects of doing business on the web as well as the relevant legal issues and how to deal with these with a view to minimising legal risk. On enactment of the Bill, Ireland will become one of the remarkably few jurisdictions to have legislation expressly addressing the needs of cyberspace. November 1999 na Tighe looks at the question of where legal proceedings relating to e-commerce consumer transactions should take place. However, experience has shown that it can give rise to legal difficulties.