Taxation Recommendations October 29, 2002/ Global Business Dialogue on Electronic Commerce

Tax policy will greatly impact the potential growth of the emerging networked economy.To ensure this growth, government and industry must work together to create a tax system that stimulates this digital marketplace. The GBDe recognizes that tax policy must address governments’ legitimate need to collect tax revenues to fund public services and eliminate competitive distortions faced by local industries. To find tax solutions that balance these national interests with global realities, the GBDe is committed to participating in government / industry dialogues on this criticallyimportant issue on an international, regional and national basis.