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* Note Taxation: It is hard for tax authorities to use existing technology to obtain the original records and check the volume of transactions and tax amount, resulting in massive loss of income tax, customs duties, value-added tax and other taxes. It is unable to use traditional paper documents as evidence to hold the legal responsibility for wrongful acts. * * Going for the black market! an economic activity in which merchandise and/or services are bought and sold illegally and/or immortally. One popular of P2P exchange (Peer Exchange, PEX) is the swapping of _________ Underground Economy: What do they sell on the Net * The largest of categories is credit card information The second largest category is bank account data. Social Commerce Social commerce is a subset of electronic commerce that involves using social media, online media that supports social interaction User contributions, to assist in the online buying and selling of products and services. * * Potential Issue: Taxation Is it hard to obtain the original records and check the volume of transactions and tax amount? Constraints of EC * Buy-side and sell-side e-commerce * Barriers to development of online technologies * Reference Chaffey, D, E-Business and E-Comerce Management, Prentice Hall, Chapter 1 Turban, E., et al., 2008, Electronic Commerce: A Managerial Perspective, Prentice Hall, Chapter 1, 2. * * * Note Since Google was launched in 1998 which e-business startups have transformed the way we work, live and play? How has Google innovated in search and its business table? * * Note E-commerce is often thought simply to refer to buying and selling using the Internet. We immediately think of consumer retail purchases from companies such as Amazon. However, e-commerce should involve much more than electronically mediated financial transactions between organizations and customers. Many commentators refer to e-commerce as all electronically mediated transactions between an organization and
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