IP: shows what Fedex can do for the world

[Dave Farber <farber@central.cis.upenn.edu>]

OUTLOOK MURKY FOR TAXING CYBERSALES
A study released last week by KPMG Peat Marwick details "the frustrations of
corporate America as it tries to cope with the murky environment created by
applying old tax laws to new ways of doing business," says a partner with
the firm.  "Taxation of electronic commerce varies from state to state, so
determining what's taxable and who is responsible for paying those taxes
becomes very complex."  Some of the companies interviewed for the study said
they might consider moving their electronic sales off-shore to escape the
reach of state and local taxes.  (St. Petersburg Times 1 Jul 96 p12)