Summary
Business leaders' views on Internet regulation
Proposals to regulate and tax Internet transactions have elicited different reactions in different sectors. While state governors are enthusiastic about the prospect of taxing electronic commerce, the Clinton Administration prefers minimal intervention. According to 'A Framework for Global Electronic Commerce' released by the White House in 1997, the government does not have a role to play in e-commerce aside from ensuring intellectual property protection and providing a Universal Code for Electronic Commerce. Meanwhile, all of the business leaders and legislators asked by Chief Executive magazine about the role of government in electronic commerce concurred that self-regulation is better than government intervention.See the full content of this document
Extract
Hands off the Net.
Electronic commerce is the great pro- mise that has yet to be fulfilled. While 70 million Americans are signing onto the Web regularly, only a minority does so to purchase products. The majority of electronic commerce remains business-to-business transactions. Americans are still far more likely to get the latest news, rather than the latest fashions, in cyberspace. Yet there are clear successes: Amazon.com is America's biggest bookstore. Egghead Software holds hyperauctions in cyberspace to sell off surplus wares. Loyal Wal-Mart shoppers can browse for discounts at the retail giant's Web site.
And now Washington wants into the act. The House Commerce Com...See the full content of this document
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