Book review: Internet Business Commerce & Taxby
Internet Business Commerce and Tax is essential reading for tax practitioners aiming to exploit the highly lucrative internet business market, explains Robert Hurn.
Detailed coverage of tax legislation is explained in a reader-friendly narrative combined with precise indexing, which results in a time efficient tool for correctly advising clients.
Complex areas including transfer pricing, VAT, cross border transactions and intellectual property rights are addressed thoroughly and explained well. The supporting tables of cases, statutes, statutory instruments and EC material combine to give a complete picture of the issues facing internet businesses.
While this publication will serve as an excellent reference tool, those with a particular interest in internet business taxation are likely to read it cover-to-cover. The nature of internet business tends to lead to cross border trade and the reminder of ITTOIA 2005 s5. For non-resident companies trading in the UK other than through a permanent establishment is a good example of the book’s attention to the challenges facing advisers.
The chapter ‘Central Management & Control’ offers clear guidance supported by case law of the pertinent factors in deciding a company’s tax residency- a question that advisers must consider carefully. The tax treatment of ‘earn outs’ is well explained and helps the planning of exit strategies.
‘Internet Business Tax and Commerce’ is of equal use as a reference book and one of study for those wishing to reposition their practice to specialise in this area.
- Title: Internet Business Tax and Commerce
- Author: Julian J B Hickey
- Publisher: Jordans Publishing
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