E-commerce merchants and large multinational corporations have conducted aggressive tax planning by artificially shifting profits and assets to low-tax locations. Such corporate tax avoidance puts local businesses that comply with regulations at a competitive disadvantage, plus Ministries of Finance have missed out on $billions in lost tax revenues. Furthermore, government authorities invariably find it difficult to police the internet, to detect tax losses or to quickly introduce prevention measures.
Over the past 3 years, countries around the world have become increasingly vocal about their intent to effectively and robustly tax their respective e-commerce industries.
E-Technologies Global was formed specifically to address this issue.