Development-Guideline of Ebusiness Considering International Accounting and Taxation Aspects

The volatile electronic business is characterized by a seamless, borderless, and timeless marketplace. In this connection the internet is accelerating a number of trends that are laying the foundation for a new global economy, in which production and consumption become more mobile, dynamic, intangible, and multinational. The shift from a manufacturing-based economy to a service-based economy, working with etools and the dominance of information technology industry, knowledge man-agement and intangibles in ebusinesses will influence a revision of the current tradi-tional national-specific principles of accounting and taxation considering worldwide trade and commerce ('death of distance').The consequence of that globalization effects will be a challenge to the philosophy of traditional accounting and taxation and promote an acceleration of global harmoniza-tion of the principles of accounting and taxation. The new business development and creation of innovative business planes in ebusi-nesses have to consider those certain properties and facilities of eManagement of resources in accounting and taxation. The guideline will give some practical approaches and issues for planning ebusi-nesses considering the essential rules, directives, regulations and principles of ac-counting and taxation ('state of the art'). Purpose of the project is to search in relevant German, U.S. and other references for relevant material about accounting and taxation of ebusinesses, summarize and structure the essentials to a practical guide for developing and planning ebusinesses. Based on the relevant accounting principles for ebusinesses in German commercial law (HGB), International Accounting Standards (IAS) and US-General Accepted Ac-counting Principles (US-GAAP), sales and use tax, and income tax in Germany and US, the highlights of the content are web-based businesses, nexus based on server location, mobility of web-based businesses, web site expense deductions, acquisi-tions and dispositions of web-based businesses, valuation subjects and the relevant international recommended methods of transferpricing for multinational enterprises and tax administrations (OECD guidelines) corresponding to their certain cases of application. Result of the project is a well-structured practical guide for developing and planning ebusinesses from accounting and taxation perspectives with implications for creation of business models and a lot of hints to further references.