Lowtax.net, the publisher of Tax-news.com, has launched a new site www.offshore-e-com.com which surveys the development of e-commerce in 30 offshore jurisdictions, as well as giving extended analyses of tax, legal and technical aspects of offshore e-commerce.
Offshore e-commerce, which allows firms to move part or all of their activities out of high-tax areas, is drawing increasing attention from businesspeople, international tax planners and the tax authorities in areas such as the EU.
Some of the effort being devoted by the OECD, the G7 and the EU to restraining the growth of 'offshore' is fuelled by the fears of finance ministers that offshore e-commerce could represent a serious leakage of tax revenue.
They are right. Few corporations of any size have yet taken the offshore e-commerce route to its logical conclusion, but it can only be a matter of time before they start to do so. If the supply chain can be outsourced via electronic exchanges, and if sales and marketing can be performed almost wholly on the Internet, there is hardly any reason that a corporation would want to stay in expensive downtown offices in a high-tax financial centre.
The last bond tying many multinationals to a 'home' country may turn out to be their listing on the local stock exchange. But this too will break, when the ecn's achieve sufficient depth and liquidity to have independent existence away from the legacy stock exchanges. That day may be a few years away still, but it is not ten years away.
Lowtax.net has also made major changes to the presentation of other parts of its tax information sites, as explained in the following press release, sent today to its many registered users.
LOWTAX UPDATE 15th September
2000
Before the summer break we promised two 'supersite' jurisdictions on lowtax.net by September - in fact, there are four. We've also added a new offshore/onshore section to lowtax.net, and the existing e-commerce section of lowtax.net has been expanded into offshore-e-com.com to reflect the growing importance of offshore e-commerce. Big changes aimed at making the site more useful.
Traffic on the sites actually went up during August - we were expecting it to ease off, so perhaps you've all been working hard like us! Here are the changes in more detail:
'Supersites' on www.lowtax.net: For four leading e-commerce jurisdictions we've enlarged and improved overall coverage to more than 50 pages for each jurisdiction - it's in a more logical format with easier navigation, and a substantial e-commerce section in each case. Take a look at Bermuda, the Isle of Man, Gibraltar and Hong Kong. Hong Kong is altogether new on the site, and has a particularly extensive treatment. More 'supersites' will be added over the next few months. Let us know at editorial@lowtax.net what you think of the new format - and tell us which jurisdictions you think we should cover next. We're thinking about Malta and Jersey.
www.offshore-e-com.com: The e-commerce section of lowtax.net has always been the most visited part of the site, and we've recognised this by giving it a separate and much expanded site. Offshore e-commerce is now a flagship 'product' for a wide range of jurisdictions, and the site gives thorough treatment to tax, legal, technical and commercial aspects of offshore e-commerce. We are also currently in the process of compiling our first "Offshore e-commerce special report" on Gibraltar with other jurisdictions to follow. Please contact ecom@lowtax.net if you have any relevant content to propose or a case study to contribute.
Offshore/Onshore: International tax planning makes use of low-tax possibilities in high-tax countries, as well as offshore jurisdictions, and the new offshore/onshore section of lowtax.net has information about corporate tax planning and investment incentives in nine high-tax countries including the US and the UK - over the next two months this will rise to 16 countries including all the world's major economies. Again any pertinent material or maybe some creative, tax-efficient scenarios would be welcome, please contact taxplanning@lowtax.net.
Together with the 30 offshore jurisdictions already covered on the lowtax.net site, the offshore/onshore feature and the new offshore-e-com.com site give international tax planners and individual investors alike a complete set of tools to achieve maximum tax efficiency.
The four supersites, Hong Kong, Isle of Man, Gibraltar and Bermuda, offshore/onshore and offshore-e-com.com create many more opportunities for advertising and sponsorship. If you're interested, please contact peter@lowtax.net.
Look forward to hearing from you.
Best regards,
Kate James, Site Co-ordinator
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