The Internet Corporation for Assigned Names and Numbers (ICANN), the body responsible for assigning internet addresses or domain names, has been reconstituted into a global private-sector non-profit making organization. The US Department of Commerce no longer has sole control over this entity, which is so important to the overall functioning of the internet.
ICANN was created in 1998, with the assistance of the United States government, its objective being the coordination of the Internet's addresses. The organization's new constitution, called the Affirmation of Commitments, commits ICANN to:
As of September 30, ICANN will be subject to review by independent panels appointed by ICANN's Governmental Advisory Committee (GAC) and ICANN itself with the involvement of governments around the world. In June 2009, the European Commission issued a policy document calling for improvement of ICANN's accountability to the international community, the transparency of its decision making and a clearer role of governments in defining ICANN's public policy.
At the same time ICANN has published its final implementation plan for the liberalization of 'non-contentious internationalized country-code top level domain names' (IDN ccTLDs). The process is expected to be launched after positive consideration by the ICANN Board at their meeting in Seoul, Korea on October 30, 2009. Top level domain names (TLDs) such as '.com' could be increased in number and major organizations, who are willing to pay perhaps more than USD100,000, may have the right to personalize their domain name with an appropriate TLD - eg apple.mac.
A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp
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