Explain Why the Taxation of E-Commerce Raises Governance and Jurisdiction

question 81

Essay

Explain why the taxation of e-commerce raises governance and jurisdiction issues.

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Definitions:

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States following the stock market crash of 1929.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Economic Recession

A period of significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Economic Expansion

A phase in the business cycle where an economy experiences growth in its GDP, income, and employment, leading to increased prosperity.