E-businesses adapting to the virtual world are warned in a new report from PricewaterhouseCoopers that if they leave "a trail of muddy foot tax footprints" they will pay for their carelessness with an unnecessary tax bill in dozens of jurisdictions .
The report, E-Business Tax: A Strategic Weapon in the Digital Age, identifies key e-business tax issues with advice for companies on finding a way through the tax maze. While e-business is global, tax laws are still territorial and companies transforming into e-businesses can improve their post-tax income vastly by developing their online operations in the right jurisdiction.
This is particularly a critical issue for companies operating in Ireland, given the competitive corporate tax rates here.