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Web tax consensus reached

http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3D96H1SHC

Web tax consensus reached

By Michael Peel, Accountancy Correspondent

Published: January 9 2001 21:08GMT | Last Updated: January 10 2001 14:34GMT

The world's industrialised economies have reached a landmark agreement that defines for the first time how they should tax business conducted through internet servers and websites.

Tax experts said the deal marked an important clarification but stressed that the rich nations needed to hold further talks to develop a comprehensive approach to taxing e-commerce.

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