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Internet taxation is the assessment of incomes and profits earned through the Internet. This entry explains the basics of taxation first. Then, it examines electronic commerce (e-commerce) and its taxation, taxation of Bitcoins, and taxation of income from social media and paid-to-click sites.

The Basics of Taxation

Taxes are the monies that governments collect based on individuals’ or enterprises’ income or the prices of goods or services purchased. Tax revenues constitute the vast majority of governments’ public revenues and are considered as the most important instrument for financing of public expenditures. Income taxes and value-added taxes are the most widely known taxes levied by governments.

The income tax imposed on individuals or enterprises varies with the incomes or profits of individual or corporate taxpayers. Income taxes are also ...

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