scholarly journals Taxation of Digital Business Transactions: Challenges and Prospects for Developing Economies

2020 ◽  
Vol 6 (3) ◽  
pp. p38
Author(s):  
Jones Adjei Ntiamoah ◽  
Joseph Asare
Keyword(s):  
Rapid Growth ◽  
Global Economy ◽  
Developing Economies ◽  
Business Environment ◽  
Information And Communications Technology ◽  
Technological Advancement ◽  
Goods And Services ◽  
Business Transactions ◽  
Welfare Losses ◽  
Daunting Task

The Global economy has seen a rapid growth in digital business transactions, especially in the provision and sale of goods and services through the application of information and communications technology. This rapid growth can be attributed to the fast rate of technological advancement which has changed how business transactions are conducted globally. The complexity associated with the taxation of digital business transaction has created the need to take a critical look at the challenges and prospects of digital business transactions in developing economies. The absence of physically commercial environment to a digital business environment generates thoughtful and significant issues in relation to taxation and taxation systems. This study relied on the second-best Tax Theory to establish that developing economies face the daunting task of taxing digital business transactions effectively due to the distortive nature of taxes on welfare losses. Whereas government and revenue collection authorities can impose tax on individuals, institutions and or products, they cannot tax digital business transactions efficiently and effectively and unless there are robust and effective tax systems in place. Even though these constraints appear more pronounced in developing economies, the implementation of effective tax could lead to an enhanced internal tax revenue for development.

scholarly journals Current transformation trends in the economy in response to transnationalization

2017 ◽  
pp. 88-95
Author(s):  
Kateryna Zhylenko
Keyword(s):  
Rapid Growth ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Global Strategy ◽  
Foreign Direct Investments ◽  
Negative Consequences ◽  
Economic Relations ◽  
Goods And Services ◽  
The World

The article considers current trends of transnationalization in the light of globalization of the world economy. The sources and channels of foreign direct investments are analyzed. It is pointed out, that the degree of TNC penetration into other countries’ economies is described by a means of ranking companies called transnationality index. The key factors of the rapid growth of TNCs and their turning into one of the most important actors of the current market economy are identified. There seems to be a tendency to a greater consolidation of TNCs, which is evidenced by a growing number of mergers and acquisitions of economic entities. It is noted that an increase in foreign direct investments over the last decades has been related to a rapid growth of international corporations that make investments, have branches and subsidiaries in many countries of the world. It is stressed that a further study of transnationalization should be carried out to understand both positive and negative consequences of structural changes in the global economy. A particular attention should be paid to changes in ways and systems of interaction between strategically significant sectors of the economy. A primary purpose of the paper is to consider the current role of TNCs, and to assess the degree of TNCs’ impact on the dynamics of changes in the world economy and international economic relations in the context of transnationalization. The growth of TNCs, which is currently observed, has given a new impetus to integration processes in the world economy. Definitely, it is due to the fact that overseas branches seek to be an integral part of economies of host countries and become incorporated into domestic markets of other countries. Modern TNCs are a combination of national enterprises and foreign affiliates, that form a coherent global system, in which separate branches located in various countries, operate within a framework of unified global strategy. Another feature of TNCs is their severe competition not only in the world markets of goods and services, but also on capital, labour, technology, and information markets.

scholarly journals INTERACTION OF INTERNET ENTERPRISES WITH CONSUMERS OF GOODS AND SERVICES IN MODERN CONDITIONS OF GLOBAL CHALLENGES

2021 ◽  
Author(s):  
Kateryna Nikitenko
Keyword(s):  
Information And Communication Technologies ◽  
Economic Activity ◽  
Public Awareness ◽  
Rapid Development ◽  
Business Environment ◽  
Necessary Condition ◽  
Electronic Business ◽  
Goods And Services ◽  
Business Transactions ◽  
Business Entities

The modern development of economic relations, their global nature on the one hand, and the development of information and communication technologies, on the other, have led to the emergence of a specific form of these relations - electronic business and e-commerce. Market entities quickly master new opportunities for organizing business communications and are actively involved in the electronic business environment. This leads to the fact that access to information technologies becomes not just a competitive advantage, but a necessary condition for the functioning of market entities. However, despite the rapid development of electronic business communications, there are a large number of problems that hinder the integration of the national economy into the global economic electronic space. Large Ukrainian corporations with significant export volumes and extensive foreign economic ties simply cannot afford to stay outside the space of the modern world market, in which its electronic part is beginning to account for an increasing share. Large sales volumes allow, even if a small part of the manufactured products is sold at the first stages, to ensure the economic efficiency of their electronic platforms. It has been established that e-commerce is a type of economic activity, the essence of which is to carry out various business transactions between business entities, business activities in cyberspace, ie the use of the Internet and other interactive functions. The development of e-commerce is becoming increasingly important in the context of globalization of economic processes, due to the possibility of achieving a global presence and economic activity worldwide, global choice of goods and services regardless of geographical location, optimization of trade flows, reducing costs for servicing the operation, which, in turn, leads to lower prices, the emergence of new goods and services (remote banking, insurance, brokerage services). Unfortunately, in Ukraine, the field of e-commerce is inferior to many developing countries, primarily due to the high level of distrust and low public awareness of the e-business sector, insufficient level of modernization of information and telecommunications technologies. Today in Ukraine, the segments of e-commerce - business-to-business (B2B) and business-to-consumer (B2C) are the most developed and represent, respectively, the sphere of concluding electronic business transactions between business entities. The article examines the reasons why the potential of e-commerce in Ukraine is not fully realized and the main factors of the growth of Internet commerce in the country.

scholarly journals Video Ads in Digital Marketing and Sales: A Big Data Analytics Using Scrapy Web Crawler Mining Technique

2021 ◽  
pp. 52-71
Author(s):  
Addo Prince Clement ◽  
Dorgbefu Jnr. Maxwell ◽  
Kulbo Nora Bakabbey ◽  
Akpatsa Samuel Kofi ◽  
Ohemeng Asare Andy ◽  
...  
Keyword(s):  
Global Economy ◽  
Big Data Analytics ◽  
Digital Marketing ◽  
Good Time ◽  
Technological Advancement ◽  
Price Fairness ◽  
Web Crawler ◽  
Online Data ◽  
Goods And Services ◽  
Quality Signals

The survival of the global economy is rooted in the production of goods, rendering of valuable services, and formulation and implementation of favorable trade policies. These goods and services supported by related policies however, must reach prospective customers unblemished in good time, through planned advertisement strategies. Advertisement over the years has evolved from the traditional one-on-one to technology induced ones such as digital marketing and sales. Technological advancement has diversified advertisement into a multi-faceted and dynamic channel with enormous growth and prospects. In this paper, we made a significant effort to identify actual online data to justify why short video (SV) adoption is essential in e-commerce and digital marketing. A total of 23589 datasets were drawn from three global B2C and C2C websites using the scrappy web crawlers to investigate a resilience model in the relationship between SV advertising adoption, quality signals, customer satisfaction, price fairness, and sales in digital marketing. Whereas shop location is vital in traditional shopping, logistics service quality overrides its influence in online shopping settings.

scholarly journals GLOBALIZATION AND ITS IMPACT ON INTERNATIONAL BUSINESS

2019 ◽  
Vol 7 (1) ◽  
pp. 256-265 ◽  
Author(s):  
Rabiul Islam ◽  
A. Fakhrorazi ◽  
H. Hartini ◽  
Md. Abu Raihan
Keyword(s):  
International Business ◽  
Business Environment ◽  
Technological Advancement ◽  
Goods And Services ◽  
Cross Border ◽  
Business Executives ◽  
The Subject ◽  
Business Entities ◽  
Vast Range

Purpose of the study: The aim of this paper is to boost the knowledge regarding globalization and its impact on international business. International business is a vast range of business activities involving the exchange of goods and services among individuals and businesses across national borders. In conjunction with the galloping of globalization, international business has been a topic among business executives and has drawn the attention of all industries. Methodology: Data for this study were obtained from existing literatures on the role of globalization and its impact on international business. The methodology relied on existing previous literature on the subject being dealt with. Findings: Globalization in the international era and the contrasts between countries result in both opportunities and threats to international businesses. Therefore, all business entities need to bear in mind and take notes on any changes in the globalized business environment when executing any adjustment and resolution and in administering current international operations. Implication: The present study broke down how the various types of globalization affected international business. A firm’s competency to trade goods and services internationally, transfer their production to other countries, and pick up the knowledge from abroad on the efficiency of operation. It has been growing due to the technological advancement, rising earnings, liberalization of cross-border movements and cooperative arrangements among nations.

Consumer Online Buying Decisions: A Critical Appraisal of Literature

2017 ◽  
Vol 10 (1) ◽  
Author(s):  
Amit Kishore Sinha ◽  
Gyanendra B. S. Johri ◽  
Shanti Rai
Keyword(s):  
Research Paper ◽  
Business Environment ◽  
Buying Behavior ◽  
Related Factors ◽  
Factors Affecting ◽  
Goods And Services ◽  
Online Stores ◽  
Online Buying ◽  
Indian Cities ◽  
Buying Decisions

Since last two decades buying of goods and services from online stores using Internet started off. But players of this industry could reach to the general public residing in second and third category Indian cities in recent past only. Now companies are eagerly interested in understanding the factors affecting Indian consumers so that their needs and wants can be understood and served profitably. This research paper is an attempt to critically evaluate those factors which affect consumer buying behavior in Indian Internet based business environment. For the purpose of coverage of topic researcher has classified the literature under three categories which are Literature related to vendor related factors, Literature related to consumer related factors and Literature related to other factors. Vendor related factors include those factors which are primarily controlled by the companies that are engaged in selling their goods and services on internet along with their intermediaries through which such sales take place. Consumer related factors have been bifurcated under two heading that are consumer demographic factors and consumer psychographic factors. Besides this there are several other factors which may affect consumer’s buying decisions and they are classified as other factors. This research paper also tries to identify the gaps (if any) in the available literature of the factors affecting consumer online buying decisions.

Australia—The Hidden Jewel

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Natural Resources ◽  
Value Chain ◽  
Global Economy ◽  
Good Governance ◽  
Developing Economies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease

The twenty-first century is being touted as the Asian century. With its stable economy, good governance, education system, and above all the abundant natural resources, will Australia to take its place in the global economy by becoming more entrepreneurial and accelerating its rate of growth, or will it get infected with the so-called Dutch disease? It has been successful in managing trade ties with fast-developing economies like China and India as well as developed countries like the United States. It has participated in the growth of China by providing iron ore and coal. Because it is a low-risk country, it has enabled inflow of large foreign capital investments. A lot will depend on its capability and willingness to invest the capital available in entrepreneurial ventures, its ability to capture the full value chain of natural resources, and to export the finished products instead of raw materials, while building a robust manufacturing sector.

scholarly journals Mapping ‘wild zones’ of globalisation: on private actors and the rule of law

2021 ◽  
Vol 17 (1) ◽  
pp. 107-113
Author(s):  
Chantal Mak
Keyword(s):  
Global Economy ◽  
Large Scale ◽  
Legal Framework ◽  
International Investments ◽  
Goods And Services ◽  
Decision Making Processes ◽  
Private Corporations ◽  
Comprehensive Framework ◽  
Private Actors ◽  
The Impact

While private corporations have become increasingly influential in the global economy, a comprehensive legal framework for their activities is missing. Although international and regional legal instruments may govern some aspects of, for instance, international investments and the supply of goods and services, there is no overarching structure for assessing the impact of large-scale private projects. In the absence of such a comprehensive framework, specific rules of private law allow profit-seeking companies to expand their activities on an economic basis, mostly without having to heed social concerns (Pistor, 2019). This is particularly problematic insofar as multinational companies have obtained power to set the rules for their engagement with states, organisations and individuals, for instance in the form of transnational investment contracts. Given the fragmented nature of the legal sphere in which such contracts are elaborated and performed, those who face the harmful consequences of such investments may not be able to participate in decision-making processes. The contracts remain in ‘wild zones’ of globalisation (Fraser, 2014, p. 150), where powerful private companies rule.

scholarly journals Global Economy Crisis and its Impact on Operational Container Carrier’s Strategy

2018 ◽  
Vol 30 (2) ◽  
pp. 187-194
Author(s):  
Vladimir Jerebić ◽  
Stanislav Pavlin
Keyword(s):  
Problem Solving ◽  
Global Economy ◽  
Management Strategies ◽  
Business Environment ◽  
Market Potential ◽  
Container Shipping ◽  
Freight Rates ◽  
New Business ◽  
Cyclic Changes ◽  
Economic And Financial Crisis

The shipping market is an economic derivative of global production and trade, being precariously subject of their cyclic changes, depressions and expansions. This paper analyses the condition of global container shipping market, caused by long-lasting economic and financial crisis that begun in 2008, but is still much visible within the container industry, particularly through overcapacity and low freight rates. It also deals with major changes of maritime container carrier’s management strategies, development and application of advanced transportation, technological, technical, economical, organizational and commercial measures in order to adapt and cope with new business environment. Finally, an attempt is made to forecast the market, potential difficulties and to propose problem-solving measures.

BUSINESS ENVIRONMENT EFFICIENCY AND COMPETTIIVENESS OF LOCALLY MANUFACTURED GOODS BY AUTOSTERILE EAST AFRICA, KENYA

2021 ◽  
pp. 12-21
Author(s):  
Margaret Kamau ◽  
Isabella Sile
Keyword(s):  
East Africa ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Political Stability ◽  
Business Environment ◽  
Middle Level ◽  
Primary Data ◽  
Goods And Services ◽  
Manufactured Goods

Absrtact This study investigated the influence of business environment efficiency on competitiveness of locally manufactured goods by Autosterile East Africa, Kenya. This study used case study design. This study sampled 69 respondents, including 8 top level employees, 22 middle level employees and 39 lower level employees in Autosterile East Africa. Census sampling was used to select the respondents. Secondary data was obtained from the Autosterile East Africa publications that touches on determinants of competitiveness. Questionnaires used in the survey formed the primary data and was analyzed by use of Statistical Packages for Social Science version 23. Linear regression analysis was done to test the relationship between the independent and dependent variables. The study findings led to the conclusion that business environment efficiency have a positive relationship with competitiveness of locally manufactured goods. The findings revealed that business environment efficiency is significant determinant of competitiveness of locally manufactured goods. It was found out that the demand for goods and services and political stability influences competition of goods and services. The regulations dictate the competition among companies and supply of goods and services controls a firm's competitive advantage. Keywords: Business environment efficiency, competitiveness, Locally manufactured goods, Autosterile East Africa.

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