Negotiating the online minefield

As we move into a world marketplace enabled by electronic communication, the rules of business are shifting. Transactions occur anywhere and without warning. The traditional notions of time and space are defied. In fact, commerce in the 21st century is becoming increasingly dematerialised and, as such, has created unfamiliar opportunities and risks. For businesses, the exponential growth of electronic commerce and the internet have turned taxation into an international minefield - particularly in the area of Value Added Tax (VAT). Let us look at what it means today to buy the latest bloc...