Rapid developments in technology, coupled with the ever-increasing popularity of the Internet, have created new and exciting opportunities for E-Commerce companies. E-Companies have a unique advantage over their "bricks and mortar" competitors in that, through the Internet, they are able to largely do away with the need for a physical presence in target countries, thereby revolutionizing traditional sales structures, significantly reducing costs and gaining a distinct edge over their competitors.
The fact that most E-Commerce companies have not in the past, made any significant profits (many of them have in fact been operating at huge losses), coupled with the moratorium on new "internet taxes" announced by several of the world’s leading nations, has led to tax exposure and tax liabilities, if not altogether overlooked, then certainly not positioned at the forefront of most E-Commerce business strategies.
