Global E-commerce Taxation Benjamin M Musau, Lawyer, Nairobi, Kenya This article discusses some of the legal ramifications of the Internet on world economies. Some of the legal ramifications of the Internet[1] on world economies include: Internet legal issues relating to protection of intellectual property Trade secret protection. Trade secrets can only exist if the basis…
ITX 666 Global E-commerce Taxation Module (Week) 2 Assignment Benjamin M Musau, Lawyer, Nairobi, Kenya Please discuss: How would jurisdiction integration impact E-Commerce Taxation? Answer: There are approximately 30,000 separate taxing jurisdictions in the United States, thus presenting the potential for an enormous variety of taxes and tax rates on Internet activity. The unique character…
Global E-commerce Taxation Benjamin M Musau, Lawyer, Nairobi, Kenya This article discusses how e-commerce alters the consumption taxes with respect to the characteristics of a good tax: neutrality or efficiency, vertical equity, horizontal equity, revenue potential or stability, simplicity, and administrative feasibility. The manner in which e-commerce alters the consumption taxes with respect to the…
Customer Identification Program (CIP) and Regulations under Section 326 of the USA Patriot Act. Know Your Customer. (a) The Customer Identification Program. The opening of new bank or other financial account now requires much more personal information than in the past. The purpose is not to prove identity as such but as part of the…
Benjamin Musau Compliance and Counter-Terrorist Financing Critique of the article on Compliance and Counter-Terrorist Finance (CTF) in the United Kingdom. Background of Peter A Sproat Dr Peter A Sproat is the holder of BA (Hons), PGCE, MA, PhD and Lecturer in Policing. He is Module Co-ordinator, Security in a Global Age (Honours) and a member…
International Compliance Module 9: Criteria for the Evaluation of the AML/Compliance Regimes in Dubai and the Middle East By: Benjamin M Musau LL.M Student, International Taxation and Financial Services Thomas Jefferson School of Law San Diego, CA Module 9: Criteria for the Evaluation of the AML/Compliance Regimes in Dubai and…
Criteria for the Evaluation of AML/Compliance Regimes of Nations and Offshore Financial Centers By Benjamin M Musau Criteria for the Evaluation of AML/Compliance Regimes of Nations and Offshore Financial Centers The Financial Action Task Force (an independent inter-governmental body that develops and promotes policies to protect the global financial system against…
Benjamin M Musau, Lawyer, Nairobi, Kenya This article discusses the consequences of a concept of shifting to a residence-based taxation for E-Commerce Transactions. Arthur Cockfield, appears to be the leading person who has discussed this issue in his article “Balancing National Interests in the Taxation of Electronic Commerce Business Profits” (1999) 74 Tul. L. Rev….
Comparative Analysis of the Criteria and Progress in the AML/Compliance Regimes of the USA and the United Kingdom By: Benjamin M Musau Comparative Analysis of the Criteria and Progress in the AML/Compliance Regimes of the USA and the United Kingdom United States According to FinCEN[1], the following is the history of Anti-Money Laundering Laws in the…
Can a Website alone constitute a permanent establishment for tax purposes? Benjamin M Musau, Lawyer, Nairobi, Kenya This article presupposes the hypothesis of a nonresident alien, residing in country X operates a business selling certain goods in country X. The business entity, or foreign corporation, begins a marketing campaign of his product in the United…