Government Challenges Over Global Electronic Commerce Using FinTech: Design of Consumer Payment Tax (CPT) System

Government Challenges Over Global Electronic Commerce Using FinTech: Design of Consumer Payment Tax (CPT) System

Yeoul Hwangbo
Copyright: © 2022 |Pages: 17
ISBN13: 9781799884477|ISBN10: 1799884473|EISBN13: 9781799884491
DOI: 10.4018/978-1-7998-8447-7.ch011
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MLA

Hwangbo, Yeoul. "Government Challenges Over Global Electronic Commerce Using FinTech: Design of Consumer Payment Tax (CPT) System." FinTech Development for Financial Inclusiveness, edited by Muhammad Anshari, et al., IGI Global, 2022, pp. 197-213. https://doi.org/10.4018/978-1-7998-8447-7.ch011

APA

Hwangbo, Y. (2022). Government Challenges Over Global Electronic Commerce Using FinTech: Design of Consumer Payment Tax (CPT) System. In M. Anshari, M. Almunawar, & M. Masri (Eds.), FinTech Development for Financial Inclusiveness (pp. 197-213). IGI Global. https://doi.org/10.4018/978-1-7998-8447-7.ch011

Chicago

Hwangbo, Yeoul. "Government Challenges Over Global Electronic Commerce Using FinTech: Design of Consumer Payment Tax (CPT) System." In FinTech Development for Financial Inclusiveness, edited by Muhammad Anshari, Mohamad Nabil Almunawar, and Masairol Masri, 197-213. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-8447-7.ch011

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Abstract

The challenge over most countries has been legislating related acts and regulations on global electronic commerce taxation, but they have not implemented the consumption tax system for global electronic commerce so far. Consumer payment tax (CPT) is based on fintech and thereby proposed so that consumers can pay the consumption taxes to related taxation office of the countries in accordance with consumer country's jurisdiction principle, considering the CPT is assessed to satisfy most of the electronic commerce taxation criteria and has the potential to be applied to electronic commerce.

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