Online media has unquestionably changed the business world. Digitization enables companies to enter cross-border markets without having a physical footprint. Owing to the geographical exclusion and the innovation of new technologies that the tax regulations may not have foreseen, the tax authorities have for some period been stripped of the freedom to impose taxes on digital enterprises.
The Makati Chamber (PCCI-Makati) whose members include online retailers and also digitization and digital transformation consultants are keenly interested on how the digital economy will impact the Chamber and the business of its members.
Business World tried to capture the value of the digital economy with this commentary.
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Source: bworldonline.com