Abstract

http://ssrn.com/abstract=127248
 
 

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A Proposal For Electronic Transactions Tax Collection (ETCC) In The Context Of Tax-Driven Reform Of Banking Laws


Duncan Bentley


Bond University School of Law

Patrick Quirk


Ave Maria School of Law; Bond University School of Law

September 1998


Abstract:     
This paper is concerned with the interface between banking, electronic commerce, and taxation. The heavy regulation of financial institutions means that they are the ideal intermediaries for governments to use in the revenue collection and administration process.

This paper outlines a proposal for the implementation of Electronic Transactions Tax Collection (ETTC) that aims to protect the integrity of the banking system, fit within the framework of proposed financial sector regulation, have a minimal impact on legitimate electronic commerce, and assist governments in efficient revenue collection.

The model we propose is collection of tax on electronic trade transactions where the transactions involve the transfer of funds. Electronic Money Providers (EMPs) would be required to extend their encryption programs to include a micro-version of an ETTC program.

The paper suggests national and international steps for implementation of ETCC from an Australian perspective.

working papers series


Not Available For Download

Date posted: September 25, 1998  

Suggested Citation

Bentley, Duncan and Quirk, Patrick, A Proposal For Electronic Transactions Tax Collection (ETCC) In The Context Of Tax-Driven Reform Of Banking Laws (September 1998). Available at SSRN: http://ssrn.com/abstract=127248

Contact Information

Duncan Bentley (Contact Author)
Bond University School of Law ( email )
Gold Coast, QLD 4229
Australia
+61 7 55 95 1111 (Phone)
+61 7 55 95 2246 (Fax)
Patrick Quirk
Ave Maria School of Law ( email )
1025 Commons Circle
Naples, FL 34119
United States
(239) 687-5303 (Phone)
(239) 687-5340 (Fax)
HOME PAGE: http://www.avemarialaw.edu
Bond University School of Law ( email )
Gold Coast, QLD 4229
Australia
+61 7 55 95 1111 (Phone)
+61 7 55 95 2246 (Fax)
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