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Explain electronic commerce and e-commerce tax laws

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Reference no: EM1326045

Explain Electronic commerce (business process patents and e-commerce tax laws)

In 200-300 words please answer the following questions in your own word with no references:

1-The advantages and disadvantages of issuing business process patents have been hotly debated by legal scholars and business people. One compromise proposal advanced by Jeff Bezos, founder of Amazon.com, is to allow the issuance of business patents, but only allow them to be effective for a short time, perhaps two or three years. Present logical and factual arguments that support the issuance of such limited-term business process patents.

2-Companies that conduct electronic commerce are subject to the same laws and taxes as other companies, but the nature of doing business on the Web can expose companies to a large number of laws and taxes sooner than traditional companies usually face them. The international nature of all online business further complicates a firm's tax obligations. Explain

Reference no: EM1326045

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