Electricity market gradually enters mature tax revenue and stimulates innovation

The U.S. Senate recently passed the Market Fair Act, which introduced an online sales tax, which has sparked controversy in the United States and around the world. The Act authorizes the State concerned to levy taxes on all sellers who have a total income of more than 1 million dollars per year in the United States for remote sales (goods or services sold across the state). If the bill is passed by a majority in the House of Representatives and signed into law by the President, online tax exemption will become history in the United States. It is pointed out that tax is a tool to redistribute national income, and when the market is maturing, the United States can lead the trend of innovation by taxing e-commerce.

The Fair Act is a negation of the Internet Tax Freedom Act, which was passed by the United States on October 21, 1998. The law prohibits federal, state and local governments from imposing any tax on the Internet. Since the enactment of the law, the United States Congress has extended its legal period three times. The Government of the United States to enact the "Internet Tax Freedom Act" as the representative of E-commerce tax preferential policies, one is because E-commerce as a new industry, the growth process needs a certain support; the second is to maintain the dominance of American E-commerce in the world; third, by promoting the rapid development of E-commerce in China So as to promote economic development and ultimately increase government revenue.

In Europe, because the EU countries have different tax systems, there is no specific policy for online sales, the development of E-commerce is significantly behind the United States, its network sales of about 13.7% of total sales. Obviously, this is directly related to the tax on online sales.

The development of E-commerce in the United States has amply proved that in the early stage of E-commerce development, the Government's guidance and promotion is very necessary, especially in the regulatory environment, fiscal and taxation policies, development planning and special plans, especially important. And when the market into a certain period of maturity, let the electronic commerce left infancy, into the free market, and promote its through innovation to improve competitiveness. American legal system design has the flexibility to encourage entrepreneurship and support innovation, and almost all sales tax is developed by most States on a local basis. The bill, which is passed by the Senate, embodies special care for small businesses, even if the US House of Representatives passes the draft law, and businesses with annual sales of less than $1 million trillion online are not bound by the law. At the same time, the federal government has developed a flexible monitoring law, the lifting of small and medium-sized enterprises in the law enforcement process, a part of the heavy burden, and by the United States to emulate, the small and medium-sized enterprises in entrepreneurship, innovation, development plays a very good role.