visitors to notify the company that operates the site if they know n know a child who has gained access to the site in violation of COPPA.
sanriotown.com does not collect personal information from persons under the age of 13, In order to ensure adherence to this policy the opening page of our website asks month and year of birth of each visitor and denies further access to for visitors whose birth date shows that they are under ta years of age you believe that estions under 13 has gained access to the sanriotown.com site, you have any samiotown.com's privacy policy and practices, please contact at
sanrio Digtal (HK) Lid
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Email:info@sanriotown.com
TAXATION AND ELECTRONIC COMMERCE
Companies that do business on the WEb are subject to the same taxes as any other
company.
However, even the smallest Web business can become instantly subject to taxes
in many states and countries because of the internet's worldwide scope. Traditional
businesses may operate in one location and be subject to only one set of tax laws for
years. By the time those businesses are operating in multiple states or countries, they
Have developed the internal staff and record-keeping infrastructure needed to comply
with multiple tax laws. Firms that engage in electronic commerce must comply with these
multiple tax laws from their first day of existence.
Aa online business can become subject to several types of taxes, including income
taxes,transaction taxes,and property taxes. Income taxes are levied By national,state,
and local governments on the net income generated by business activities.Transaction
taxes,which include sales taxes,use taxes,and excise taxes,are levied on the products or
services that the company sells or use.Transaction taxes are also called transfer taxes
because they arise when the ownership of a property or service is transferred to from one
person or entity to another.Property taxes are levied by states and local governments
on the personal property and real estate used in the business. In general, the taxes that
cause the greatest concern for Web businesses are income taxes and sales taxes.
Nexus
A government acquires the power to tax a business when that business establishes a
connection with the area controlled by the government.Fox example,a business that is
located in Kansas has a connection with the state of Kansas and is subject to Kansas taxes. If
that company opens a branch office in Arizona,it forms a connection with Arizona and
Becomes subject to Arizona taxes on the portion of its business that occurs in Arizona. this
connection between a tax-paying entity and a government is called nexus.the concept of
nexus is similar in many ways to the concept of personal jurisdiction discussed earlier in this
chapter.The activities that create nexus in the United States are determined by state law
and thus vary from state to state. Nexus issues have been frequently litigated and the
resulting common law is fairly complex. Determining Nexus can be difficult when a company
conducts only a few activities in or has minimal contact with the state.In such cases,it is
advisable for the company to obtain the services of a professional tax advisor