LLM 352A

Taxation of Electronic Commerce

3 Unit(s)

Provides a comprehensive examination of the tax issues confronted by companies engaged in electronic commerce, with special attention to remote sellers. Areas of taxation studied include state sales tax, state income tax, cross-border (international) transactions, tax accounting for web site development costs, acquisitions and dispositions of web-based businesses, valuation issues and tax compliance associated with e-commerce. The course emphasizes six unique aspects of e-commerce taxation, including: worldwide reach of web sites, anonymous transactions, digital products, remote operation of a web server, intangible assets in web sites, and fast-changing rules. Cross-listed with and equivalent to TA 352. (JD students seeking to enroll must obtain the approval of the program director.) Prerequisite: LLM 317A, LLM 322A, and LLM 330.