Journal Article

Should Internet sales transactions be taxed?

Abstract: Over the past three years, electronic commerce has grown explosively at rates of 200 to 300 percent per year. After spending just $2.4 billion over the Internet in 1997, consumers transacted about $25 billion in Internet sales in 1999, according to an estimate by Ernst & Young. The firm predicts that the value of on-line transactions will double to $50 billion in the current year. By 2004, says Forrester Research, Internet sales to consumers will reach $184 billion, an annualized growth rate of 49 percent over the five-year period from 2000 to 2004.

Keywords: Taxation;

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Fiscal Facts

Publication Date: 2000

Issue: Win

Pages: 1-4

Order Number: 25