Investing & Online Stock & Share Trading - The Stock & Share Markets are Booming But Be Warned

I had the pleasance of being invited on a friend’s racing yacht to canvas in a race on Sydney Seaport yesterday. On board, as one of our assortment crew, I met a top ranking corporate executive director from one of Australia’s largest banks, who we’ll phone call ‘Phil’ here for the intent of this article. After the race ended and after being told of my trading experience, he told me he have a large stock portfolio, many of which are bad resources stocks. He said that he’s excited by all the money he’s making and wondering how long this have been going on?

As would be expected, ‘Phil’ also asked me for some “hot tips” for more than pillory to buy. He was surprised with my answer when I told him Daryl Guppy’s criterion response of “Tips are for waiters” and that I thought he was asking the incorrect questions. (Daryl Guppy is A well known Stock Trader and International bestselling writer - see www.guppytraders.com)

Rather, Iodine explained he should be asking:

* How much longer will this last?

* When it completes how will Iodine cognize & what will I do?

* How do I happen out about Technical Analysis and Money & Hazard Management?

* What’s a Trading Plan and how make I set one together and follow it?

* How and when make I add to the pillory I already own?

* How should I construction my portfolio regarding individual stock risk, sector hazard and entire portfolio risk?

* What’s my issue strategy for each stock I own?

* What’s my issue strategy for my whole portfolio?

* How make I maintain accurate records and monitoring device my performance?

* What am I going to make to learn more than about myself and my ain psychological failings (many of which I may not even realise I have) that tin make all the difference as to whether I win or lose long term?

‘Phil’ was genuinely surprised that I had taken the wind out of his canvases – luckily it was after our seafaring race together, but hopefully before he loses his have got financial race.

In January at http://www.prweb.com/releases/2005/1/prweb193459.htm I issued a worldwide fourth estate release to admonish unprepared novitiate investors and bargainers of the possible pitfalls ahead in the market. My married woman Angela and I lost our waterfront home on Sydney Seaport in the 'Tech wreck' of 2000, so we talk from hard personal experience.

As complete novitiates in the market in 1999, we doubled on paper a large stock portfolio in lone six months. Then in less than a twelvemonth we suffered ruinous losings in the technical school stock clang of 2000 and beyond:

* We were put back more than than 15 old age financially and emotionally

* We were forced to sell our waterfront home – the very same house we had put as a end soon after arriving in Commonwealth Of Australia as new and penniless immigrants in 1979. We began renting what I called a ‘dog box’ - arsenic the lodging market then rocketed.

* Angela was working as a retail assistant

I have got a First Class Honors Degree in Civil Engineering that didn’t help. In fact I have got got since come up to understand that it actually helped to work against me. With our experience of riding some of the largest moving ridges (up and down) in the market and having lost 100s of thousands of dollars in the process, we cognize more than than most stock bargainers in the human race of the pitfalls that expect unsuspicious novitiate bargainers and investors.

We have since greatly appreciated being exposed to the successful methods taught by expert bargainers Alan Hull, Daryl Guppy, Jim Berg, Dr Avant Garde Twyla Tharp and others to merchandise profitably and with better hazard control.

The forum for serious investors www.stockmeetingplace.com is the lone chatroom where you will happen Daryl Guppy. We recently received the following response from a fellow Australian bargainer Nathan Unger on that land site (see below):

“...thank you for sharing. Your remarks on this topic are very insightful, and rightfully so considering your close trading death experience, per se. Failure is always such as a hard nickname to be branded with, for it affects us having to acknowledge that we were wrong. Of course, acknowledging our errors intends that we must swallow our pridefulness – Associate in Nursing admittedly hard deed for many traders. Wrestle with our ain motivations amidst the psychological matrix that is the stock market is, to state the least, a bewildering struggle.

In an almost self-contradictory manner the stock market can make pups out of us through both our losings as well as our victories. We are unnerved when we lose and must somehow rally the courage to tentatively re-enter the markets. Yet, potentially even more than dangerous are the unbridled successes that often falsify a trader’s perceptual experience about their ability to modulate additional success – successes that work to chide the hereafter admittance of failure.

Who would have got thought that winning could actually go a apparatus for losing – a riddle of the worst kind? I cognize of no other business that have the ability to mask as both friend and enemy and then do you believe that you can state the difference.

Your experience is, I believe, a hoarded wealth worth perhaps more than than the sum of money of your losses. It reminds me of how the most seaworthy vas have got got typically been known to be the 1s that have weathered the most annihilating storms. Yours is a leading effort, my friend. I will most certainly be buying your book.

Thanks also to Daryl and Alan for their aid and encouragement in helping to mold John’s brush into the best trading tool of all – practical experience...”

During 2001, not long after losing our home, we made contact with Daryl and I take this chance here to acknowledge and give thanks him once again for his wisdom and support since that clip and also to Alan Hull and Dr Avant Garde Twyla Tharp since then. Daryl subsequently invited me to compose a short article for his regular weekly newssheet (Tutorials in Applied Technical Analysis) which became the first of many articles as my married woman Angela and I began our search for education.

He made a strong point that by concentrating on the research needed to compose the articles we would pick up good wonts and through sharing with others, we ourselves would be more than inclined to lodge with the topic involved in the subject being covered.

We have got got recently collated the articles I have written for his newssheet and they are now available as ‘The Atkinson - Guppy Articles - Stock Market Educational Options for Investing Online & Online Trading - Opportunity for a Home Based Business’. Most of these articles deal with conceptions and trading accomplishments which are still relevant to readers today and include the following:

* CONDITIONAL halt loss ORDERS: A existent life comparison between using two brokers for monitoring stop loss orders - the true cost of slippage

* DIRECTORS DEALINGS: A snapshot survey of the Australian share market to determine, if by monitoring the purchases and sales of company directors with their ain shares, whether it is possible to obtain an penetration into the hereafter direction of the share terms and enlistment a drive in the right direction - or leap ship with them.

* anticipation - the nett net income or loss that you can anticipate over a large number of single unit of measurement trades. Type A series of articles with thanks to the work of Dr Avant Garde Tharp, writer of 'Trade Your Manner to Financial Freedom'

* TAKE-OVERS: A little overview of some of the strategies bargainers apply to take-overs.

* AVALANCHE selling and kangaroo TAILS: A series of articles on the recent phenomenon in the Australian share market caused by computerised automated conditional halt loss brokers savagely cascading sell orders into the market, with terms often rebounding respective percent within minutes

Through my authorship articles and through our site, my married woman Angela and I now take to supply a ‘Road Map of Discovery to the Stock Market' to assist new and existent online investors and bargainers happen the trading instruction information they need to initially last the pitfalls ahead, then to boom in the market.

We wish you every success in 2005 and beyond and trust that if you haven’t done so already, you will be seeking out the replies to the inquiries I offered to my seafaring squad member ‘Phil’.

This article was printed in Alan Hull’s weekly newssheet ‘ActVest’ for Active Investors in March 2005 (available from www.alanhull.com) and is reprinted here with Alan’s permission.

Delete Porn... Forget It

Last month, there were over 136,231 reported keyword searches for "delete porn" registered on Google search. Those are only the registered searches in Google. Unregistered searches account for four times the above number. So, what is every body trying to hide?

The birth of the internet was supposed to give people the freedom to download private adult entertainment into there homes.

However, their homes are no longer a private place. There is nothing private on the internet. A constant online connection means that the door to your home is always open. Therefore, it has become necessary to delete search history and especially delete porn history to avoid embarrassment and protect your online security.

The internet privacy industry has grown exponentially because of the need of people to delete porn from their computers. However, those poor souls have no idea that the techniques they are using to delete porn are mostly wasted. Adult websites have developed modified cookies, registry keys and image spies that, escape this software. These modified spies re-record PC users information especially credit card history. These actions are done online not off-line.

Internet privacy and evidence erasing software cannot protect your from being tracked online or targeted by identity thieves and hackers. The effort to delete porn from your PC hard drive is nothing more than an off-line solution to an online problem.

Users never stop to think that their IP address can be tracked and monitored by spy software, ISPs and the new IP hijackers. There has been little information provided to the public about protecting their online privacy. This is why search engines are being flooded with the entry "how to delete porn". Obviously, this is a sign of ignorance. One of the few effective guides that provides users with a wealth easy to follow tips is Cover Your Web Tracks.

User must seek out information in order to protect themselves from identity theft, embarrassment and I guess learn "how to delete porn". This action is not difficult but the solution is not lock away in one click software. Online solutions are needed to stop adult websites from collecting your information and selling it to highest bidder. So, how to delete porn is not the question that needs to be answered. There are a few question such as

How to protect my IP address?


How to perform a secure delete?


How to stop information thieves?

These questions should get you started on protecting your privacy. So don't become on the millions trying to learn how to delete porn. Learn how to protect yourself!

The Cost of Not Having Money

The self-esteem factor of not having adequate money is underestimated. You cognize what I intend don’t you? The torment of financially struggling and the rapture of financial copiousness are dramatically different minutes in a person’s life. And I for one would take the copiousness over the struggling any day.

A peculiar emotional challenge structured settlement and rente receivers confront is the quandary of having money but not having access to it. You have got money coming to you but it is out of reach. The irritation of such as a state of affairs would be exacerbated by a time period of financial stress. Imagine if you were going to lose your home, and you have got $300,000 approaching to you over the adjacent 20 years, but you can’t access that future money to ran into your contiguous needs.

Financial emphasis can be the accelerator of a downward spiral. Depression, addiction, isolation, are just a few of the violent storms spawned by the weight of financial burden. Instead of being dragged down, happen help, happen an reply to your money concerns, happen a manner to get out from under the weight of money worry. Professional counseling in both the mental wellness and financial strategies countries of your life could get you on the healthy and happy track.

If necessary, there are ways to cash out rentes and cash in on future payments. There are settlement companies that have got the agency and legal experience to accelerate your payout for a lump sum of money of cash now. Exercise cautiousness and seek legal and financial advice when dealing with these 3rd political party settlement companies. The cost of getting an advance on future payments can be exorbitant. But the emotional cost of not getting aid when you are struggling financially can be even more than costly.

How To Make Money Online With Ebay

Did you want to make money online? Have you looked
at a ton of different things or spent a fortune on
various products only to find your bank balance still
looks the same? Or even worse, it's redlining.

I've been in that situation too. I used to work in a
regular 9-5 office, with too much month at the end of
the money. That may sound cliche, but it's the truth
and for those living with that reality, it's a feeling
that makes the pit of your stomach churn when you wake up
in the morning as you drag your heels to work, wondering
what you need to do to change and either make more money or
better still, quit the rat race.

There is a school of thought that suggests things only
come to people when they are open minded enough to look
at new possibilities. I looked at many things, from mlm schemes,
latest fads, to gambling systems and arbitrage. I was desperate
to quit the rat race and lead the life I had always dreamt of.

So I pursued these things without really educating myself first.
The net result of that is you don't get very far unless you're
lucky. I was like a blinkered donkey chasing a carrot.
The first website I ever built, I did it completely from
scratch in notepad. Talk about doing things the hard way !

When I stumbled across ebay a few years ago, I didn't really give
it much thought in the beginning. I thought it was a great place to buy
things on, but I'd never thought about selling anything on there.
Indeed, it was one of my friends talking about it, and I dismissed
it as a kind of flea market without realising the true power of
the ebay marketplace at the time. After some cajoling by my friend
I sold a couple of items on there, like many of us do when we are
starting out. For a step by step method visit http://www.ebayprofitsunleashed.com

I didn't even think the items I had listed would sell. The adverts
were apalling and the description was only a few lines long. The picture I put up was so dark you could hardly see it. I didn't even give it another thought. Then, while I was sitting at work I got a payment notification. My poorly advertised item had just sold.
I sat there and thought, "Wow, if an item so badly
advertised can sell like this, then what would be possible if
I wrote a good ad and looked into what is in demand on this auction
site".

The truth is, if you know what you are doing you can make huge profits on ebay, but you have to do things the right way. You can't afford to second guess what will or won't work if you want to achieve good results. That caveat withstanding, it is still definitely the best place to start making money online.

Self-Employment-Managing Your Money: Tips for Living with a Fluctuating Cash Flow (Part Two)

Continued from Part One:

Self-Employment-Managing your Money ...
The way you manage your money is one of the first things you'll change when you move from employment to self-employment.

You are moving from an environment where you received income in equal amounts at set intervals to one where your income fluctuates.

Managing money in such circumstances is both unfamiliar and uncomfortable for most of us.

These are some tips I developed from my experience of 10+ years of self-employment.

• THOSE PESKY ESTIMATED TAXES

Enter the land of self-employment and you enter the land of quarterly estimated taxes.

You pay estimated income taxes because the Government says you must. Since you no longer have an employer to withhold income taxes, the tax authorities want to make sure that you pay up.

One way to make sure you have money in-hand at the appointed time is to mimic what your employer used to do for you. Take a portion of money you receive and put it away. My solution is to put it into a separate savings account.

By keeping the money separate, you are less tempted to spend it. Then at tax, time, simply transfer it into your checking account and write the check.

It is less painful this way.

Having a method to manage tax payments is most important around April 15 when annual taxes from the previous year and first quarter estimates for the new year come due on the same day.

• GETTING PAID

Banks charge interest when they lend money. Very small businesses and self-employed people

generally don’t. And if they do, they rarely collect. It is hard to lay down the law to slow-pay clients much larger than you and clients who give you a lot of business.

In fact some businesses make it a policy to pay their creditors slowly. They use your money, interest free, at your expense.

Slow-pay and no-pay clients cost you money and mess up your cash flow.

The subject of collections is worthy of a separate article – or book, in itself. But here are a couple of pointers.

Ask to be paid up front when possible. It’s done all of the time. Contractors get deposits and lawyers get retainers.

One piece of conventional wisdom is to have a policy to handle late payments. Set up a system to diary your outstanding invoices. Then follow up at scheduled intervals as needed. Keep a paper trail in case you have to take things further.

Stay on top of overdue billings and keep lines of communication open with the client. The longer a debt remains outstanding, the less likely you’ll get paid.

The squeaky wheel gets the grease. Be squeaky.

• CREDIT CARDS

Credit card debt can be a killer. Calling the interest rate levels charged on many cards ‘usury’ is not an overstatement. If you have credit card debt, pay it off as quickly as possible.

Nonetheless, credit cards are a necessity in this day and age. When you are on the right side of the credit card companies, credit cards can be a benefit.

You can track expenses by putting it on your card. That can be a real help when you have a lot of petty tax deductible expenses that add up over the course of a year.

If you use your card for this purpose, be sure you pay off your balance every month.

• BUILD A FINANCIAL CUSHION

For self-employed people, having a financial cushion is essential. It is a lifesaver when unexpected expenses come up, or expected income is slow to materialize. In addition, you may want to sock away funds for expected large expenses such as estimated tax payments.

If you can’t swing it in the beginning, build your cushion gradually. Put away money when times are good. Live lightly when times are not.

You‘ll find managing your money while being self-employed will get easier over time. You will get to know your cash flow patterns and adjust accordingly. As your business grows it will bring in more money, which itself, does a lot to make you more comfortable.

How to Protect Yourself from Computer Identity Theft

The FTC estimates that over nine million Americans have their identities stolen each year. This crime has a huge potential to disrupt your life, you might be denied a loan for education or housing, you may miss job opportunities, or in extreme cases, you might be arrested for a crime you did not commit.

One of the most common types of computer identity theft is called phishing. This is when you receive an email requesting your personal information from someone pretending to be a financial institution. The email appears to be from a business or agency that you may have had a reason to do business with in the past, such as the IRS, a credit card company, or EBay. The email explains that there has been a problem with your credit card, or there is a pending audit, and you need to reply to the email with the correct credit card information, or social security number to correct the problem.

As soon as you respond with the requested information, the computer identity theft begins. Your information could be sold online, or the thief may use your identity to make online purchases, apply for loans, or to clear out your bank account. They might have the bills sent to a different address, so you won't even realize there is a problem until your good credit is ruined. They could use your name to get utilities such as telephone, heat, cable TV, or use your information to access your wireless internet account, and run up your charges. Your name could be used to file a fraudulent income tax return, or to obtain government benefits. The list of ways that computer identity theft can affect your life appears to increase daily.

Awareness is the most effective way to fight online identity theft. Share the knowledge that you need to protect your personal information and the potential for this type of crime with your friends and family. You should become familiar with anti-spy software programs for your computer. Research different types, and invest in one that works best for you. Run the program before you do any online financial transactions.

Never open emails from people you don't know. If you receive an email from a financial institution that you do business with, go to their website, and check for any warnings about unauthorized emails being sent. You could also phone the institution to see if the email is legitimate.

Lastly, only do business online with secure sites. They will usually have a small symbol in the bottom right corner of your browser to show it is secure. Never use your social security number on the internet.

Following these tips will help you to protect yourself against computer identity theft. Unfortunately, it is becoming far too common; don't let yourself become the next victim.

E-commerce Taxation

The agency and types of businesses have got transformed with coming of epoch of e-commerce, resulting in planetary marketer and buyer. The Internet offers consumer choice, business efficiency and recreation.

As a agency of planetary communicating it is so powerful in operation, yet so simple to use. Coupled by these benefit, there have got got got emerged legal issues e.g. struggle of laws, consumer protection, securities and privacy, etc and to turn to these issues, we have to do amendments in substantial and procedural laws for providing legal model for aggregation of taxes generated by e-commerce activities.

The tax legislative acts have provided us the inside information of beginnings of beginning of income but these change according to the peculiar class of income in question. The critical inquiry for electronic commercialism taxation is how to analogize those transactions to the transactions in conventional commercialism that are addressed in the tax statutes.

The determination of inquiry of issue of territorial legal power is also a important concern in e-commerce taxation. Rather the e-businesses which are falling in Pakistani tax legal power for intents of infliction of taxes or not.

The CBR can tax only Pakistani beginning of trade or business income of foreign people and corps only when such as income is attributable to a "fixed base" but the legal power in cyber space is multi-dimensional, it could be at the abode of the marketer or buyer or information encoding place. These are many slippery inquiries of legal power which our existent tax legislative acts are uneffective to turn to them. We need here to do amendment in our tax legislative act for extension of Pakistani legal power in cyberspace.

The record can be hosting at any jurisdiction, and application of keeping and care of record often originate legal issues which could only be solved according predominant laws of the web hosting state. Legal issues originate when Sellers or services suppliers take to share the information with distant web waiter whose whereabouts is not known.

In current conditions, there is need for the CBR approval for keeping, maintenance, devastation and production of the storage of records electronically in prescribed mode and to have got assurance in the procedures and methodological analysis used to hive away records electronically.

The CBR could simply reserve the powerfulness to promulgate acceptable criteria of electronic record keeping for tax intents and to bring forth these records before tribunal open ups many legal questions. We don't have got any extrinsic resources available for auditing, verifying and authenticating these records. Here we need Reconstruction of legislative act for remotion of insufficiency of tax laws. The engagement demand is useless unless the records are not accessed for the intents of verification.

How to access the e-records hosted at a distant place? Rather the CBR have got the administrative installation to access, verify, authenticate and supply the certified transcripts to tribunal of law of these records. There are many advance devices with gross government in advanced states like computing machine forensic, encoding and limiter bit for accessing these states but our tax legislative acts is soundless on the constitution of these modern devices. What is recommended here that we should do these modern devices the portion of tax legislative act for smooth and efficient running play of tax administration.

Self-assessment trusts on taxpayers voluntarily meeting their tax obligations. The self-assessment environment in the visible light of electronic commercialism is causing the emergence of legal issues of conformity of tax return.

In e-commerce, tax deduction and location of the identity of people behind the e-business is most important issues in tax conformity and electronic cash and e-money is accentuating existent problems. Here we need to redefine our tax legislative act in order to heighten the administrative demand for meeting the statutory inadequacy.

The growth threat of tax evasion, extenuation and turning away is too easy in electronic commercialism engineering and to control this exacerbating problem, the modern engineerings are employed for the intent of eliminating inclinations of turning away but no anti-avoidance devices are used e.g. digital discovery authorities, computing machine forensic and surveillance government etc. These modern fair government are often made portion of the tax disposal for the intent of enhancing their efficiency and reducing tax avoidance.

We have got legged behind in ordinance of e-commerce taxation in the world. We need to retrace our tax legislative act at par with other states within the model defined by the UNICITRAL, the WTO, the OECD and the EU. UNICITRAL have provided the theoretical account laws for member states for turning away of struggle of laws among them.

Access to E-records by Taxing Authorities: A Case for Pakistan (Part I)

Background issues of access to records

To measure the records at hosted distant retained out of the legal power of Islamic Republic Of Pakistan root many legal issues which are needed to be addressed. Hereinafter there is verbal description of the emerging legal issue of access to e-records.

Lack of statutory commissariat for access to electronic information at distant Server

The access to enter in electronic information is one of most hard issue where record have been kept in distant hosting topographic point which necessitates mandate and permission of the taxpayer and web hosting site.

The statutory proviso of subdivision 25 of the sale tax the phrase ‘electronic data’ have been used to get access to database of the record but no specific direction is available. Look at the subdivision 25 of Sale tax Act 1990

“…A individual who is required to keep any record or written written written written documents under this Act or any other law shall, as and when required by an officer of Sales Tax, bring forth record or documents which are in his ownership or control or in the ownership or control of his agent; and where such as as as record or documents have got got been kept on electronic data, he shall allow access to such officer of Sales Tax and usage of any machine on which such information is kept.”

The item commissariat in subdivision 175 income tax regulation 2002 regarding access to e-records,“In order to implement any proviso of this Regulation (including for the intent of making an audited account of A taxpayer or a study of people apt to tax), the Commissioner or any officer authorised in authorship by the Commissioner for the intents of this subdivision – (a) shall, at all modern times and without anterior notice, have full and free access to any premises, place, accounts, documents or computer;…(d) may, where a hard transcript or computing machine disc of information stored on a computing machine is not made available, attach and reserve the computing machine for as long as is necessary to copy the information required.”

These proviso have reproduced at length of the Income Tax Regulation 2001 for getting access to the e-record but the legislative enactment is itself is silence on the point of record of business which have been conducted by e-commerce, how the computing machine can be accessed by tax officer which have uploaded at distant web server, in visible light of this fact it can be easily concluded that these legislative building are inadequate.

The legislative building are more than hard-and-fast and expressed in defining the right to access of the tax officer for intent of verify of record but as comparison with the Sale Tax Act 1990,where the statutory item is missing.

The subdivision 18 of Central Excise Duties Act 1944 tallies as under, “…Search made under this act or any regulation made there under carried out in conformity with commissariat of the codification of criminal Procedure (V of 1898), relating with regard to search and apprehension made under this code.”
There is also required the Reconstruction of the legislative act of regulation 96 of cardinal duties regulations 1945 regarding the particular process for infliction of cardinal excise tax duties on services.

The Criminal process itself is uneffective before the emerging issue of the e-commerce transactions.

Legality of hacking right

The term "computer hacking" technically defined as the incursion into computing machine systems, which is not done with the intent of manipulation, sabotage or espionage, it could be for the pleasance or confederacy into the technical security computing machine and nett plant system. The individual who perpetrate offense under above mentioned definition is regarded Hacker. Hacker as individual usages the modern scheduling tool or built in software to cause damage to networks. The hacking as procedure of getting access can be used as tool for getting access into computing machine e-database intent of infliction of taxation and record verification. To get access and verify the record being hosting in distant services often necessitates the usage of hacking to get access to records. The usage of hacking as legal tools necessitates usage of hacking soft merchandise with most modern engineering and intends employed to control any equivocation of tax and verify the e- record.

No specific statutory commissariat are available for the defining the authorised hacking rights on the portion of tax officer ground being deficiency usage of modern technologies.

Security and privateness issues of web Hosting sites

In western legal history, the statute law for security and privateness laws was promulgated in earlier 1970s and 1980s concerned the protection of personal rights and privateness in particular. The relevant statute law was enacted to new challenges to privateness by the increasing possibilities of electronic information processing to collect, store, link and transfer personal information in 1990s. The coming of epoch of world wide web the legislative insufficiency was felt and the traditional commissariat for the protection of secretiveness were amendment for providing more than protection to security and privateness of land site and electronic network work for intent of publicity of business and consumer assurance in nett trading. The covered portion of the personality cardinal rights and proved to be far too narrow for a protection against the new dangers of misdemeanor of database of computing machine and networks.

All criminal laws of assorted states have got their historical background of providing penal commissariat for curbing cyber and electronic discourtesies for the protection of secretiveness and security of database of computing machine networks. These commissariat can be establish in the core of criminal laws. Here take of providing little verbal description of these reforms is that these reforms have got created secure environment for online transaction which ultimate supply legal system for aggregation of electronic commercialism taxation. One manner these reform have provided protect to consumer and business concern but the security rights have created so many legal barriers in manner of getting access to waiter database on portion of taxing government for assessing the exactitude of records exhibited for intent of taxing. I am here therefore speaking of an international tax government exercising their ain legal power for exercising their right of taxation. The security and privateness laws clearly demo the common problems of all national tax systems.

These laws in fact provided Unsusceptibility to these land site to let on information related with identity of consumer and businesses which are related to security procedure, no individual or authorization is permitted to inquiry the information alkali or to let on any password, cardinal or other secret information exclusively within his private knowledge of these web system which enables their usage of the security process or advanced electronic signature to claim unsusceptibility against any authorization . There number of tax oasis land sites that come up to contract with supplier for providing complete secretiveness against business records.

The most formidable undertaking is getting access to distant information is the legal shelter being provided by the distant hosting servers. The right to transgress the security right as statutory is not possible in lawsuit of hosting of information at distant server, unless the tax remunerator be compelled to installations the access to e-data.

The legal issues of multi jurisdiction

I have got discussed the territorial legal power at length on chapter on “Jurisdiction”. Here I shall discourse the legal power of taxing government to access the records not available in state jurisdiction. The cross boundary line legal power often leads to multi legal power of assorted states. The most of import legal issue which halter in the manner of execution of statutory right of tax government is to accumulate taxes on cross boundary line e-transaction. This legal inquiry often originate the multi jurisdictional issue which necessitates for just adjudication of tax disputes. Tax legislation, generally, necessitates a taxpayer to maintain books and e-records for a time time period of five old age . On the internet, records of business transactions are being created in electronic word word form and the demand to keep records for tax intents uses to records kept in electronic form for period of give is a hard to do.

The conception of examining computing machine based records, although a specializer audited account country is not new to CBR. There is possible that is likely to witnesser an addition in e-business records being maintained in electronic word form and to fit this growth, adequate number of staff resources and preparation will have got to be devoted to, and invested in, computing machine audited account in the close future. In addition, as a business trading on the internet may not have got a readily identifiable physical presence, it will not always be clear where the basic business records are held. Any individual purpose on being non-compliant tin maintain records in an offshore location. Central board of gross have already been faced with the troubles in just tax conformity when records relevant to a taxable Pakistani activity are kept in an offshore location. The increased globalisation of trade intends that records can be held in many locations around the human race for valid business reasons. The gross authorities’ response have been for its hearers to carry out the audited account of the physical records in the offshore location. It is likely that hearers will have got to confront multi jurisdictional problems in future be able to access off-shore records on the internet. There will be a reduced need for physical visits to land sites where enters are kept.

The gross government already have got not been legally powered to enable it to carry out its audited account mathematical function regardless of the agency by which records are maintained and regardless of location. At present companies trading in Islamic Republic Of Pakistan make not need to physically keep sufficient records in this country to enable their tax place to be established to the satisfaction of the Central board of revenue.

The encoding is a possible technique for computing machine hearers for confirmation of records out of state jurisdiction. Encoding keys can be used for legitimate business intents to continue confidentiality and forestall unauthorised access to sensitive commercial data. In proposing the legal changes concerning the criteria under which enters may be stored electronically, Central Board of Gross should guarantee that it always have access to a agency of decrypting information within taxing legal power irrespective of fact that where the information alkali have been hosted.

Issues of authenticating the unity of business records

As comparison with traditional based methods original records are held in word word form of paper based form. These record have its ain advantages and disadvantage too. With conventional commercialism original records can be examined for the attributes of authenticity and integrity. Since, with e-commerce transactions have got begun, the original written documents are stored in electronic word form which supplies enough chance for tax remunerator to monkey with the records. The development of assurance in physically viewing the masters knowing that they are unchanged is not possible. However, the modern device and software have been developed to check the authenticity and unity of record to place changes to computing machine records but their usage is limited to few advance countries. The gross government of these states specifically utilize accounting software for this purpose. We are entering into epoch where the business concerns are more than feel comfortableness in maintaining their record in electronic form. Many of us in the workplace feel more comfy with paper-based records. But is this comfortableness an illusion? But to inquiry the unity of paper based record can not said unaltered. The paper based records can be altered, lost or falsified but doing same with e-record can be done with relative easy. We are moving into paper based record keeping to electronic word form but our gross government are not familiar with the tools and processes for checking paper records. The employed by private endeavor are more than technologically advance as comparison with our taxing authorities.

Whereas, CBR tools for validating computing machine records are new and, perhaps, less intuitive just because gait of advancement is slower as comparison with private enterprises. The CBR must follow following strategies to defeat the technological spread have created but them and enterprises. First they have got to develop their staff for computing machine auditing because computing machine records have their peculiar specially when are hosted at distant servers. The second measure once the staff have been trained. They should be equipped with more than tools for proof and confirmation of records and finally CBR must advance the care of records in computing machine based word form because it’s easier and effectual assessment.

What matters for the gross government is that businesses more likely to perpetrate tax fraud are identified through right hazard analysis. This makes not depend on the nature of the records as between paper-based and computerized.

In conclusion, gross hearers will necessitate a higher degree of computing machine skilled staff in future to allow accurate reading of computerised records systems. It will also be necessary for gross hearers to have got systems analysis accomplishments to validate the information theoretical accounts for e-business which are to be used in a given accounting environment. This volition also need use records accurately follow transactions through such as systems. The computing machine software industry is aware of possible for loss of audited account trail arising from business being conducted on the internet. As mentioned already, the software industry is developing new techniques to guarantee the unity of electronic records. An illustration of this is a technique called "message digests".

A message digests works by attaching a alone message to an electronic record. Any subsequent change to the record can be traced by comparing the original digest with a newly created digest based on the current state of the information file data. Once again we see an emerging overlap of interest between the public and private sector; both are acute for ecommerce to work well and both human face common problems. The point have been well made that the private sector, particularly the auditing profession, have the same interest as tax hearers in safeguarding the unity of e-commerce records. One country of focusing is the impact of important electronic processing of information on the auditor's ability to trust on substantive, observable grounds in the behavior of an audit.

Compliance of Tax Return in Electronic Commerce Taxation

Emerging Legal issues of Tax conformity of e-business Self-assessment system trusts on taxpayers voluntarily meeting their tax duties by tax payee. This conception is recognised in all tax statutes, which put out taxpayers’ primary election duties to fill up tax tax return on self-assessment, and clearly spells out that taxpayers are required to determine the amount of tax collectible correctly and to pay it on time. Disclosure in this linguistic context is introduced for two chief purposes. First, it is necessary to supply information for audited account selection. Secondly, revelation is relevant for the intents of the suspension of penalties. Taxpayers have got a statutory duty to let on to the Commissioner in a timely and utile manner all information required to be disclosed under the tax laws. Disclosure here covers points specifically required to be disclosed by statute, and points for which revelation is required by the Central Board of Gross Department.

For income tax, under subdivision 26 of sale tax enactment 1990 and 114 of income tax regulation 2001, the sections necessitates a complete statement of the taxable income of the taxpayer for the preceding year, together with such as other specifics as may be prescribed. The department’s revelation outlooks cover any demands put out in a peculiar tax return, in the usher accompanying a peculiar tax return, or matters for which a specific revelation word form is prescribed. In the country of tax tax returns and compliance, electronic commercialism have created new fluctuations on old legal issues as well as new classes of legal issues. These developments necessitate that practical techniques be employed to deal with these technological innovations. These technological developments touching on a broad range of legal issues affecting the filing of tax tax returns to scrutinize selection.

The filing of tax tax return of e-business and furnishing grounds Electronic commercialism is still developing and no electronic money system have yet achieved widespread usage. Nevertheless, it is of import to see these issues now since some issues may necessitate that the needs of filing and providing of tax tax tax returns be considered tax returns of electronic commercialism be modernised while electronic commercialism systems are still under development, and related to issues of the filing of tax tax return of e-business and furnishing grounds be also taken into consideration. Electronic commercialism on the web can actually ease conformity with consumer revelation requirements.

Identity of individual apt to register tax returns A New Yorker cartoon once published two domestic dogs sitting in presence of a computing machine with a symbol on the Internet; cipher cognizes rather they are a domestic dog or any other creature. Tax decision makers confront a similar issue. Under clause (a) subdivision 1 of subdivision 114 of Income tax Regulation 2001 have do it obligatory on every individual and company regarding filing of the tax return,“…subject to this Ordinance, the following people are required to supply a tax tax tax tax tax tax return of income for a tax year, namely (a)Every company and any other individual whose taxable income for the twelvemonth transcends the upper limit amount that is not chargeable to tax under this Regulation for the year;”

Similar type of tax proviso is available in subdivision 26 of Sale Tax Act 1990 have do it obligatory on every individual and company regarding filing of the monthly tax return,“…Every registered individual shall supply not later than the owed day of the month a true and right return in the prescribed word word form to a designated bank specified by the Board, indicating the purchases and the stores made during a tax period, the tax owed and paid and such as as other information, as may be prescribed”

Under subdivision 26AA of Sale Tax Act 1990 have do it obligatory on every individual and company regarding filing of the Retail tax return, “…Every individual required to pay turnover rate tax shall supply a true and right return in the prescribed form to the Office of the Collector having legal power indicating the value of stores made in tax period, the tax paid and such other information as may be prescribed.”

Identification of the political parties to a transaction is a necessary first measure in determining what the tax liability is for the transaction and who is apt for any tax payable. In relation to e-commerce, particular troubles are encountered. Where any business transaction is done through an e-page, the tax government must be technological capable adequate to associate the website with the "real world" physical political parties behind it. An e-page tin easily hide the true identity of the individual benefiting from any business it does.

On the Internet it is too easy to utilize a false identity and it is not currently practicable for tax government to independently verify a party's identity. This raises a number of legal issues because the identity of counterparty is of import for numerous tax provisions. Similarly, unless tax disposals actively look for marks that existing businesses are involved in e-commerce the being of a website and political parties to transaction could stay undetected. Furthermore, websites can quite easily be put up offshore or offshore websites can "front" onshore business. It is imperative for CBR to encourage voluntary revelation of websites used as portion of the merchandising and, possibly, statistical distribution mathematical functions of a business. As a modest first step, tax word forms will need to be changed to inquire about e-commerce and to get information about browsing computer address of e-page of any business merchandising on the internet.

Finally, how the tax tax returns and other written documents are to be attached as provided in tax provisions, I have got disclosed this issue in chapter on “e-record and engagement keeping”. Electronic cash and bank secretiveness The developments in electronic payment systems have got the possible to make "electronic money." Electronic money is a wide term, and just as electronic money systems differ in their technical characteristics and it is also differ in the extent to which they make legal issues for tax returns. Depending on the type of system used, electronic money can caused assorted obstructions in manner of conformity and it have an advantage or a disadvantage for aggregation of taxation. The usage of electronic cash as a agency of transacting internet business have been legalized by assorted state as an acceptable option to credit card payments.

“The usage of digital or electronic cash in e-commerce transactions could lead to troubles for Gross auditors. Gross hearers have got traditionally had to cope with the deficiency of controls associated with the cash economy. The increasing edification of business transactions and the development of a assortment of payment methods have got got meant that cash payments have go a diminishing characteristic of business transactions.” The electronic money presents serious menace to a tax equivocation potentiality comparative to that created by paper money. This raises the issue of whether the equivocation potentiality is manageable and what must be done to manage it. It is possible that the techniques that have got been developed over clip to battle tax equivocation using paper money may not be feasible armed combat equivocation through electronic money. The Electronic money have made easy to lodge unreported income in a bank or other financial establishment with fraction of time.

As a consequence of electronic money's installation in transmitting large amounts of money with relative easiness across the border, combined with the continued usage of e-cash, the legal issues of an belowground and unaccounted economic system is likely to be exacerbated. Electronic money and the Internet substantially have increased the chances to open up bank accounts, letterbox companies and trust accounts can be established abroad with relative easiness and safety, and money can be transmitted anonymously. Such accounts are, of course, causing providing chance for tax equivocation of home state by taking seaport in zero tax states.

Verification of identity and attached written written documents Confirmation of identity is also a problem for tax authorities, who desire to be assured that the people with whom they make business are who they claim to be . As a result, companies engaged in electronic commercialism are developing "digital certificates" or "digital IDs" that tin be used to verify a person's identity over the Internet ; and “Digital certificates" are issued by a trusted legal intermediary government who verifies the identity and documents of a tax remunerator and executes appropriate background checks, depending on the degree of self-assurance to be granted. The simplest degree confirmation granted by these is that an e-mail message was sent from an indicated address. The adjacent degree verifies the digital Idaho holder through online identity confirmation against a consumer database when clip and topographic point of e-transaction conducted by purchasers. The highest degree confirmation is that the holder personally looks before a notary populace public to have got a digital Idaho application notarized of digital written document grounds after converting into paper alkali form. Once a person's identity have been verified, the certification is created using public key encoding techniques, which do it independently verifiable by the receiver and Immune from tampering it.

Providing grounds of record Under clause (a), (b) (c) (d) subdivision 2 of subdivision 114 of Income tax Regulation 2001 have do it obligatory on every individual and company regarding providing grounds of the records,

“…A tax return of income (a) shall be in the prescribed form; (b) shall say the information required by the form, including a declaration of the records kept by the taxpayer; (c) in the lawsuit of a individual carrying on a business, shall include an income statement, balance sheet, and any other written document as may be prescribed for the tax year; and (d) shall be signed by the individual or the person’s representative.”

The proof of the inside information of any business transaction necessitates an ability to follow a similar audited account trail as that which bes for conventional commerce. The following elements must therefore be present- access to the basic records related to a transaction must be available; and the unity of those records must be authenticated. Taxpayers are required to maintain accurate books and records , which are subject to scrutiny by the income tax government in order to verify the income and disbursals reported on the taxpayer's return.

“Although many taxpayers trust on computerised record keeping systems to a large extent, many transactions still arise as paper records which can be used to verify the truth of the electronic records. However, for taxpayers engaged in the sale of electronic commodity or services, no paper records are likely to be created because client orders are placed and fulfilled electronically and therefore the lone record that bes of these transactions could be an electronic one. As all users of computing machines know, this makes the possibility for tax equivocation and fraud because computerised records can be altered without a trace.”

The "digital notarization" have been introduced in much state. This system have got been developed which are intended to do it possible to verify that electronic written documents and records have not been altered. Populace key encoding scientific technique also allows a taxpayer to encrypt his financial records to forestall their scrutiny on audited account for equivocation of taxation . It would look that this should be treated no differently from failing to maintain or destroying e-records because it is possible to change or destruct it within fraction of time. Even taxpayers engaged in the sale of physical, as opposing to electronic, commodity may soon have orders and issue bills electronically. Electronic "documents" must be verifiable by scientific legal government in order to minimise the possible for tax evasion.

Getting extrinsic assistance in statutory building The following extrinsic assistance can help us to hard-on of the legislative construction.

Existing commissariat of tax returns

There is no existent tax proviso for the tax conformity of e-business of every individual and company whose taxable income for the twelvemonth transcends the upper limit amount that is not chargeable to tax under this Regulation for the twelvemonth ;” Like income tax tax tax returns similar tax proviso are available in sale tax and also in cardinal excise tax duties

Defining evidential parameters

How we can keep record and production of record can be placed before the tribunal for adjudication of taxes disputes. I urge that such as a reappraisal should be undertaken at the same clip as the reappraisal of tax return filing obligations. I also see that if record-keeping demands are increased, taxpayers should have some instruction on the necessity for those requirements. To assist in this matter, that is also noted that it would be eminently worthwhile to encourage taxpayers on their ain enterprise to keep e-record relevant information considered by them in adopting a peculiar tax position.

Proposals for legislative construction

I urges that subdivision 114 of income tax regulation 2001 and subdivision 26 of sale tax enactment 1990, which says that taxpayers must let on to the Commissioner in a timely and utile manner all information required to be disclosed under the tax laws, should be amended to place the different classes of required disclosures: information specifically required by statute, information required by the section in a prescribed form, and information requested by the section from specific taxpayers.

Generally, apart from required disclosures, taxpayers are not obliged to let on information, but anything that is disclosed must not be misleading. Sanctions may be imposed for deliberately misleading disclosures, and taxpayers unfastened themselves up to the hazard that a deliberately misleading revelation could suggest tax equivocation on their part. Purpose to hedge may also be inferred from a failure to let on relevant information regarding e-commerce transaction to the tax authorities. The hazard also originates that defaults of this nature may prevent the application of a clip bar.

E- filing of tax returns

No online e-filing of the tax tax return have yet been introduced in Pakistan. This modern device are used to encourage e-filing of tax tax tax tax returns in other words online tax returns but there are many problems are associated with e-filing of the tax returns. The electronic filing of the tax tax tax returns supply room for unauthorised users and unknown individual filing of tax returns and attachment of written documents as grounds often make more than problems instead of increasing tax conformity bend over of the taxpayers.

Even for required disclosures, some existent issues arise, including the manner in which the duties to let on are affected by e-filing procedures, and the usage of e-filing under self-assessment. It is sufficient that the information is on the taxpayer’s ain data files and available for scrutiny by the department. This acceptance go forths open, however, whether, and to what extent, handiness must be within a sensible propinquity to the taxpayer’s ain tax-file. Clearly, that taxpayers and their advisors see they may have got got to move in this manner is unsatisfactory, as it overcomes the benefits in efficiency contemplated by self assessment-filing.

Amending tax Statutes

My recommendations are that the phrase ‘prescribed form’ defined in sale tax, need further hard-and-fast building by additional statutory clauses defining the types of prescribed word forms that have been made available for the taxpayer for filing of their tax returns. The similar hard-and-fast building of legislative move is required in Income Tax Regulation 2001 by specifically defining the methods of filing returns.

Conclusion

It here concluded that Central Board of Gross should set up and direct out to taxpayers guiding leaflet, or where appropriate their agents, word forms which usher them through their cardinal tax activities, and also act as a record for audited account purposes. In forwarding the word forms to taxpayers, the authorities must retrace the existent tax legislative acts to put the electronic taxable activities in consistent with above mentioned recommendations.

The Adware Threat

When your computer slows down and behaves strangely, chances are you have adware installed. You didn't ask for it, but neither did you ask for new toolbars, websites you don't recognize, continuous popups! Read on to know just how annoying and dangerous adware can be.

Adware doesn't let your computer respond quickly to your commands. When you click to go to a website, it takes you elsewhere and you wonder why. Adware presents you with toolbars you never asked for and keeps adding strange new websites to your favorite folder so that it looks like you gave it permission to be there. Here's the worst part - it steals your personal information, spies on you and sells this information to advertisers who can then irritate you with a flood of advertisements that they think you are interested in.

Nobody Is Spared From Adware

Practically every computer that connects to the Internet has loads of spyware and adware getting into it, collecting confidential information from the user. This can be in the form of information about browsing habits, or more serious threats like spying on your credit card number, and other personally identifiable information so that it can misuse it and put you in danger.

Adware can be basically defined as software that tracks your activities on the Internet so that it can trigger off pop-up ads and other marketing-related actions. It installs components in your system without your being aware of it so that it can collect personal data like surfing habits and other demographics. Saying no when adware asks you has nothing to do with what it does. It just goes right ahead and installs itself in your system.

In recent times, adware and spyware have been evolving so fast that it is more than adware removal tool manufacturers can do to keep up with them. Adware poses a major security risk to any computer and every user must make it a point to ensure that he or she runs a scan to clear their systems from adware and spyware. The Internet has many free adware removal tools, which can help you do this. But you've got to be cautious in selecting a reliable vendor. There's every chance that a vendor who promises to remove all the adware from your computer will do just the opposite - that is, install more spyware and adware. Reliable adware removal tools can protect you against unwanted intruders like adware in your system.

Look around and compare the features of various paid adware removal tools available. While some free adware removal software will only scan your computer and present you with the results, they won't actually clean it from your computer until you buy it. Beware of this ruse.

Electronic Commerce Taxation and Pakistan

Assume a buyer in Islamic Republic Of Pakistan downloads software from the Internet for a 30-day trial. If he wishes the software, he submits his credit card information and have an mandate codification that allows him unrestricted usage of the software. Assume the software in this lawsuit was developed by a company in UK, and is available for download from waiters located in 15 countries. The buyer in this lawsuit happened to download the software from a waiter located in Singapore. The buyer establish the software while browsing the Internet using Internet Explorer, a software programme produced by Microsoft. The buyer gained access to the Internet using an Internet service supplier (ISP) based in Lahore. Are there a taxable transaction? If so, what was sold and where was it sold? When is the transaction taxable? Who have the right to tax the transaction? The inquiries presented by this illustration are not conveniently answered by existing tax laws.

The basic legal Issues of E-Commerce Taxation Following are issues described below, which I perceive, are basic issues, which are hampering the aggregation of e-commerce taxation.

I. Non-Existent and inadequate Substantial laws Following are substantial laws, which have got failed to ran into needs of technological advancement for e-commerce taxation.

1. Tax Laws There is no as legislative commissariat are available either in sale Tax or in Central Excise duties for aggregation of taxation of transaction conducted in Internet. The Legislation of any sort with having attempt to Levy Tax without needed Tax System, which could battle technological advancement, would be of no avail.

Currently the e-commerce taxation disposal necessitates efficient Internet Network system to Monitor the Encoding database, configure information science computer address and installation to chop the system for getting access to enter keeping. 2. Internet and ISP Laws There is no Internet and ISP laws have got yet legislated which could modulate the cyberspace. We need to modulate Internet contents, either these Submit word forms for conducting E-Commerce Oregon of intellectual property rights. Further more than we need Internet Services supplier (ISP) laws to modulate to make Hacking rights and to have got access to Database for the intent of levying Taxes.

What types of Internet and ISP laws should be implemented in Islamic Republic Of Islamic Republic Of Pakistan for the intent of efficient aggregation of e-commerce taxation in Pakistan, it is still large inquiry grade for the government? 3. Digital Signature Laws Article of 78-A of Qunun-e-Shahadat, cogent evidence of Electronic signature have got been amended by announcement Electronic Transaction Regulation 2002, but complex issues can not resolved by amendment in one article, we need to have item Digital Signature laws for adjudication of e-commerce taxation.

All transaction in e-commerce is made by acceptance of terms and statuses by Client imposed by Website operators by pressing acceptance button, by doing that he undergoes legal duty by accepting terms and statuses imposed on him. The purpose of Digital signature laws to modulate website terms and statuses of contract and to enforce curtail on any terms which are null or illegal according to the contract laws. Further more than the by sign IN to website originate contractual duty both political parties which should be backed by prevailing substantial and procedural laws, unless and until Digital Signature are not legalized, it would be out of inquiry to enforce any e-commerce tax.

4. Security and Privacy Laws The cyber law-breakings cannot be control without having appropriate security checks and to protect these webs from intruder, we need to have got security laws. Security and Privacy laws modulate the powerfulnesses of Network operators to keep degree of security and privateness of database and also allowing authorised hacking on portion of Tax Officers.

For Smooth running play of system we need to promulgate security and tax laws so that the authorized hacking be legalized.

II. Qunun-e-Shahadat Although the Electronic transaction regulation 20002 have made amendments in Qunun-e-Shahadat to ran into basic criteria of grounds regarding electronic transaction like Article 2 regarding admission; Article 49-A acceptance of relevancy of information generated by automated information system; Article 59 Expert sentiment of information engineering officer; Article 73 regarding acceptance of primary grounds of any information received and transmitted in computing machine based word form out of automatic generated transaction and also Article 78-A turn out of digital signature.

Beside these amendment the article 184 of Qunun-e-Shahadat have also widened the definition grounds to include scientific devices a legal grounds produced thereby modern devices, although the definition of modern device have been extended to picture movies but no adjudication have been made regarding for extension of evidential definition to include e-commerce transaction.

Despite these amendments it different to suppose, it rather these volition lead to smoothen running of legal system. How the automated generated information will be topographic point before court, either waiter side or client side response? Who is going to be an Expert? Rather the powerfulness of expert have been defined; rather he have been granted the right to chop the security rights of system? What is a basic criterion and criteria to be an expert? III. Procedural Laws' flaws Electronic Transaction regulation 2002 have settled the matter that every tribunal not below the session have right to trial the lawsuit but jurisdictional issues is too complicated in electronic transaction. The physical constitution business is a often regarded as standard for infliction of e-commerce but what about the e-commerce transaction which have no location of transaction? The Procedure regarding the bidding to suspect whose presence is not known, rather Civil Procedure Code of 1908, acknowledges any such as summons, which is communicated through electronic means, here we need to do amendment Order Volt and also orders related with Order IX, XI, XII, XII, XVI, twenty-one etc to adjudicate the procedural lack to ran into the demand of electronic commerce.

IV. Legal Power issues The subdivision 3 of sale Tax Act described the legal power parametric quantity for infliction of the sale tax, but the rule enunciated in said subdivision would not be applicable, as sale don't carry through the type of sale conducted in e-commerce. There emerge following jurisdictional issues, and before imposing sale tax we must maintain following issues under consideration.

1. Topographic Point of Constitution The topographic point of constitution of business could be a standard for infliction of tax. If the home based company operating her business on net, Central Board of Revenues should enforce tax as the topographic point of constitution of business in Islamic Republic Of Islamic Republic Of Islamic Republic Of Islamic Republic Of Pakistan irrespective of fact that the website e-commerce transaction have taken topographic point out side of Pakistan.

If the sale is of Multinational companies, the portion of sale, which is transported in Pakistan, could be subject to taxation, and then the legal power proviso of subdivision 3 of Sale Tax can be invoked.

If scattered people behavior the e-commerce transaction without having any venue point of constitution or tally across globe, then right to enforce tax could be exercised on those individual who dwell within the legal power Pakistan.

2. Data Encoding Topographic Point Where the encoding of information have taken place, the right to enforce tax to be vested there, but this legal statement is not supported by e-commerce legal experts as it could lead to equivocation of taxation by giving the indignant companies to upload their website outside of Pakistan.

V. Distant Operation of Web Waiter There is another important issue, which halters the smooth running play of the system, how to modulate the distant operation of web waiter whose constitution is not within the legal power of the Pakistan? How the Tax machinery can get access to distant Web Waiter for monitoring of database of transaction overruling the security and privateness issues of system? The tax machinery say have got got legal right to get access but these are not possible without sign language international tax treaties, unless and until we don't have security and privateness laws, we can not negociate other states for getting authorized system hacking.

VI. Intangible Record The record which generated by electronic commercialism is intangible record unless it is required to be produced in word word form of paper based form, this issues do the tax aggregation hard as the record can be transmitted to any web waiter located any where in this human race within fraction of times. For effectual tax accumulate we need to changeless watchfulness of record with authorised system hacking and also making mandatory demand of care database in paper-based form.

The registration of ISP, Web hosting land land sites and web sites Here we need to have got got registration of Internet Service supplier and Hosting sight site, and the rule of the registration should be the home based constitution of individual, companies etc. but the issues will originate of ISP and web hosting land land site that have also their physical constitution and Web Hosting in or out side of Pakistan.

The constitution of Surveillance Authority For controlling tax evasion, we need to set up Surveillance authorization for changeless monitoring of the website' database by giving powerfulness of system hacking. Unless and until the surveillance authorization is not established, it would not easy to verify the record keeping demand of Sellers and tax conformity of the website whom database is not hosted in Pakistan. Furthermore while defining the powerfulness the surveillance authorization we to need to promulgate security and privateness laws to restrict the powerfulness of authorised system hacking by surveillance authority.

There is a need for appropriate co-ordination of the surveillance authorization with Tax officer for smooth running play of Tax machinery.

Record-Keeping Requirements The electronic recording keeping demand and its issues runs as under.

I. Electronic Record Keeping Under subdivision 22 of Sales Tax Act, it is required that all reception of sale of good record be maintained by seller, the record keeping of the database generated by e-commerce transaction necessitates different legal process for acceptance of authenticated written document as evidence. Once the e-commerce transaction have been taken topographic point and record of purchase of good have been transmitted to database. The electronic record should be transformed into paper-based word form for as an grounds of transaction.

The surveillance authorization should be given powerfulness to authenticate the paper record of database, and to keep changeless watchfulness by using their powerfulness to chop the system.

II. Retention of Record The record should be required to maintained by the tax payee in appropriate mode either in electronic word word word word form or in the paper based form, with item of times, place, name of the purchaser in prescribed form, but the use database in computing machine based form is too easy to be tampered by computing machine software. Here we need to give comprehensive policy to modulate the computing machine software.

III. Access to Electronic Record Keeping and Authorized Hacking The tax and surveillance authorization should be authorise to chop any system and its database for the intent of getting direct access to the database of the website. The authorised hacking originates legal issues, which necessitate statute law of database and security laws to adjudicate the issues of restriction of powerfulnesses of hacking; contractual duty of Web Waiter for care of security and privateness of websites and their database.

Secondly, the mandate of the hacking of planetary website server, CBR need to subscribe international pacts for getting permission for hacking of web to get access to database of transaction.

Thirdly, how the discretional powerfulness of the tax payee surveillance authorization can be checked, what redresses the tax payee have got against a minute recording of grounds of seller' record of transaction, rather the authorised hacking of the Networking systems can be accepted as primary or secondary document? Rather the Electronic hacking can be legalized for intent of aggregation of E-commerce taxation, what will be the bounds of hacking? And how to give the hacking the legal backing? We need to statutory proviso to decide this legal issue.

Tax Conformity Tax conformity e-commerce is also slippery problem, which is exposed to following considerations.

I. Tax Conformity of Registered and non-registered Websites The registered and non-registered Website should be subject to tax conformity to rate prescribed by CBR by both registered and non-registered with inducement for registered websites.

II. Tax Conformity of Foreign Companies hosting their Website in Islamic Republic Of Islamic Republic Of Islamic Republic Of Pakistan Legal Power There is another very of import issue regarding the hosting of the Foreign Company Website in Pakistan, rather the CBR can enforce tax as the information Encoding have been taken topographic point within the legal power of the Pakistan. Unless we don't have got any ISP and Web Waiter laws, we could not in place to enforce Sale Tax, for resolving this problem we need to subscribe international tax treaties. The subdivision 3 of the Sales Tax Act that authorises the CBR to impose all tax duties on sale conducted in within the legal power of the Pakistan. But range of infliction of sales tax will not be justified, if the buyer and marketer are not residing within Legal Power of Pakistan.

III. Tax Conformity of Islamic Republic Of Islamic Republic Of Islamic Republic Of Pakistan based Companies hosting their Website outside of Pakistan Legal Power The range of infliction of sales Tax cannot be negated on the fact the information encoding as well as the hosting of the website is not located within the legal power of Pakistan. The presence of constitution must be the primary rule of infliction of Tax. But legislative regulation must unclutter the fact that the purchaser should be residing within the legal power of the Pakistan, otherwise any transaction which have been taken topographic point would be subject to double taxation in word form of sale tax and Custom duties.

These rules are not regarded as concluding in determining the tax conformity issues in ever changing e-commerce technological world.

Amending Procedural Laws for Collection of E-taxation

The electronic transaction regulation defines the certificated transcripts in which are to be presented for adjudication. Where any law necessitates or licenses the production of certified transcripts of any records, such as as demand or permission shall widen to publish outs or other word forms of show of electronic written written documents where, in improver to fulfilment of the demands as may be specified in such law relating to certification, it is verified in the mode laid down by the appropriate authority.

The codification of civil process should be amended to oblige the tribunal to accept the blurb regulation as enunciated in the regulation 4 and 5 Order eleven of the Code of Civil Procedure Act 1908 as defined in subdivision 12 of Electronic Transaction Regulation 2002.

The powerfulness to summons as defined in subdivision (1) of subdivision 94 of Cr.P.C (Act Volt of 1898) should be extended so as to add the powerfulness of police force to summons all people who have committed offense under electronic transaction regulation 2002.

My recommendations are that amendments should be made in subdivision 95 of the Cr.P.C.( Act Volt of 1898) in mode as to add dictions of ‘electronic document’ and powerfulness of enfranchisement services supplier defined in electronic transaction regulation 2002, parallel with the powerfulness of ownership of documents held by postal and telegraphic government and the similar types of amendments are recommended in subdivision (1) of subdivision 96 and in clause (a) to (e) of subdivision (1) of subdivision 99.

The subdivision 510 of Cr.P.C. (Act Volt of 1898) should be amended for acceptance of the report of Certification council issued under subdivision 21 of electronic transaction regulation 2002.

Trading The Betting Exchanges

The numbers of people working from home utilising the endowments of the Internet goes on to turn at breakneck gait and one of the largest countries of growing in United Kingdom is Online Trading, both in athletics and miscellaneous markets.

There are numerous advantages of setting up and running a athletics or miscellaneous trading operation from home. Firstly operating expenses are kept to a minimum, there is no need for expensive office adjustment or expensive staff, and there is no demand to purchase stock or any possibility of bad debts. Secondly, any and all net income are completely tax free (in United Kingdom presently at least, though you would need to check that stat in your area.)

The markets that you can merchandise from home are far too numerous to advert here, but are not confined solely to sports. Political appointments and results, stock markets, even world television show consequences are avidly followed by the growth regular army of online traders.

So what is the difference between online trading and gambling? Simple, in gaming you back a horse or a squad in the hope that it wins. In online trading you purchase a stake because you believe it to be of good value, and then you can sell it to person else for more than money if you wish, thus locking in a guaranteed net income regardless of the result of the race or event or whatever it is. Alternatively if you believe a stake to be overvalued you can sell it first, with the thought of purchasing it back at less money later on to do your profit. This operation was totally impossible with a traditional bookmaker prior to the innovation of betting exchanges.

So what is the difference between trading the Dow Mother Jones shutting terms on the stock market, to trading the same thing on a betting exchange? In my view, absolutely nil at all, except of course of study the pathetic advantage I previously mentioned that all your net income on the betting exchanges are untaxed. Little wonderment then that serious businesses and serious money have got been pouring into the betting exchanges in the past few years.

They also offer a hedge vehicle to balance existent trading in more than traditional markets and here too the inflow of business have been heavy and sustained.

Already there are infinite books and courses of study available supposedly to state you and learn you how to effectively merchandise these exchanges. As with all business books and manuals, some are superb and rapidly go bibles, while others need leaving in the nighest populace convenience poste haste.

All this interest in online trading have brought a huge surge in liquidness that brands it so much easier to trade. On one exchange alone during a recent cricket lucifer in extra of 40 million lbs was matched, that’s about 70 million dollars. On one game!That’s A stat that is jump to do anyone believe seriously about online trading.

Incidentally you can still get a free thirty-dollar stake with Betfair.com, the London based exchange, if you come in the codification 6CHE3VPWJ when prompted. Take a expression too at Betdaq.com, Associate in Nursing Irish exchange based in Irish Capital that is going from strength. They have got a very nice website packed with interesting markets and a comprehensive aid section.

Betting exchanges are gaining acceptance and influence all the clip and with each calendar month that bases on balls seemingly another country legalises the full operation, and it would look that it is only a matter of clip before the large exchanges are completely legalised and accepted worldwide. The exponential function growing in this sector is certain to continue, governmental intervention being the lone possible obstruction to their onward worldwide popularity. Little wonderment then that this is one of the largest growing sectors for new start-up businesses, a fact that is jump to attract even greater interest as it goes on to grow.

If you are thinking of starting a new online business from home, and if you have got a endowment for maths, you could make a batch worse than check out the whole business of online trading. Best of luck.

The Password is "Enough"

That's right, we are playing Password, the classic game show. Allen Luden was the host I remembered from the sixties. He passed away in 1980, but hosted the game show where someone asked another player to guess the "password" from a clue word. I enjoyed playing along and, little did I know at the time, I would learn to hate the word. Not the game show, the word. Fast forward to the computer age. When I'm on a website and I see that I need a password, I cringe. What diabolical word will I be asked for? Let me go back a decade to where it affected me most.

I was working for a Yellow Page publisher as a sales consultant. We had just computerized the entire sales process. So, whether I was checking my commissions, looking up a directory or heading, or accessing my accounts, I needed a password. In the beginning, it was a snap. I used the same four-letter word for everything. A few years later, each program required a different password. Some were letters, some were numbers, and some were either four or six characters. So, I began writing them down to keep track. A few years later, all hell broke lose. Why? Because they had to change. Some every year, some every quarter, and some every month. Here's the worst example I faced.

To access my pay site, I had to have a password with at least 2 numbers, 4 letters, and no special characters. A total of 8, with no 2 repeating and the letters could not spell a common word like "cash"or be alphabetical. Now I ask you, how does it know that it's a common name? Okay, I'll stop whining and will continue.

The numbers could not be in order, either. Every 30 days, I had to chose a new password that had different numbers and letters. So, I could start with 31PTYM64, and move on to 91M8KR62. But not 12AB98ME, because the numbers and letters were in order. After 18months, I began to lose track. I would get rejected because of a similar password that was used a year ago. Even though most of the numbers and letters were different, some ended up in the same order. A big no-no in password circles. Yikes!

Today, things are no different. My cell-phone site needs a new word every 90 days. It also needs numbers and letters, different from the previous one. I have about 50 passwords in use on a variety of sites such as my banks, credit cards, utilities, and those I use for business, shopping, travel, entertainment, and even article writing. In short, just about every site I frequent requires a password. I log them into my bookmarks to keep track, but sometimes that doesn't work. Once in a while I'll forget that they must be in lower case only or have to have a capital letter to start. It's difficult to tell because they appear as this ******** for security purposes. And who hasn't logged in with the wrong password three times and told you are now locked out of your own account?

Thank goodness that most sites allow you to retrieve a lost password, but that's annoying as heck when you are in a hurry. Instead, you must supply your dog's name or your birthplace and await an email with the answer. I know that all of you reading this can relate and are collectively nodding your heads. I just think that the password mania that is sweeping the Internet must be changed before it's too late. We are running out of passwords as fast as domain names. There must be a better way, like eventually using fingerprints, voice or pupil recognition. But for now, the password is "enough."

Amake Money on eBay - About eBay Stores

As their eBay businesses grow many sellers begin to look for even more ways to amake money on eBay. One great way that is used by many is to open an eBay Store. An eBay Store offers the opportunity for increased sales. They are also supported by some great tools.

According to eBay,…"75% of the eBay Store sellers surveyed reported that opening an eBay Store increased their sales." That is a remarkable positive response, and really illustrates the impact that opening an eBay Store can have on a seller's ability to amake money on eBay. It is also very easy to open an eBay Store.

Opening your eBay Store includes a few quick and easy steps. Start by simply registering as an eBay seller. Next open your eBay Store, stock your store and then start selling. How much easier can it be to quickly and painlessly create still another vehicle to amake money on eBay?

eBay Stores offer many advantages as well. For example, once your store is up and running you have a web presence, which can create instant credibility and provides a means of building your brand presence. While this doesn't create instant sales, it will help to increase a seller's chance to amake money on eBay.

eBay Stores offer the ability to manage sales and sales costs with longer length of listings and features to automate tasks that are repeated. They also offer opportunities to promote your store which create greater exposure and helps with relationship building. Finally there are real-time reports to help track results.

Amake money on eBay by opening an eBay Store. As you gain experience on eBay and sales being to happen, this is a natural next step in business growth for many sellers. Add an eBay Store when you are ready to take your business to the next level.

Top Investments and Stock Picks for 2006

If you read the headlines today you will hear everything from recession, decline, slow start, etc... Everyone is commenting on losses or very marginal gains. Yet there are some investors like me that did really well in the last few years and are continuing to do well - and none of us fell for the late night TV investing scams (and they are ALL scams). Instead we were smart. This is how we did it and what we like (and you can verify the results or progress of these stocks by looking up their ticker symbols on the search engines Google and Yahoo):

1) Diversification is key - you need to have some percentage of your assets in mutual funds and exchange traded funds (ETF's). I recommend IJR (iShares S&P SmallCap 600 IJR Style/Mkt Cap ETF) as it follows the market, doesnt have wild fluctuations and always, consistently grows and pays dividends at the same time. IJR will be a great bet for a 20-30% gain in 2006.

2) Oil, natural gas and energy are king and anyone that says otherwise is an idiot. They will continue to grow and produce record profits throughout 2006. I highly recommend XTO - Cross Timbers Oil Co. Through the last 3 years their stock has grown over 800% and split numerous times. They are a definite ace in the hole and a runaway favorite. Great, solid management and a definite winner. I also like PNY, Piedmont Natural Gas. They are very consistent and produce very solid yields that they are always increasing. It won't produce the high returns of XTO, but a solid performer. XTO can be a highly volatile stock and is a rollercoaster of a ride at times but will produce solid results over time. PNY is a safe, solid investment and natural gas prices are only going to go up.

3) Hotels and travel - One name says it all CHH - Choice Hotels, they own most of your local Comfort inns and such. They average 50-60% gains per year and pay a slight dividend on top of that. A solid performer that tends to buck the economy.

4) Banks and financial institutions - BPOP, Popular Inc. The main latino bank of Puerto Rico and expanding into the U.S. You can buy it cheap right now and they are prime for a takeover - $$$. Solid dividends also and low price for a bank. Good investment value.

5) Mortgage companies - we will always need houses and a solid, customer service oriented company with a great record is a good buy. AHM (American Home Mortgage)- high yield, solid company, will produce great returns for 2006. Enough said.

6) Ebay, Yahoo, Google, Intel - You need to have a piece of the internet pie, but with whom? Ebay is your best bet. There is no competition - Yahoo tried and can't get their auctions off the ground. The others have simple technology that is easily copied and the risk is great and the returns limited. Google is questionable as it has risen well, but others with big pockets are stepping in hard - Yahoo and MSN.

Search engines like Google rise fast out of nowhere, but then they usually fall back into oblivion. Google is smart, though and is trying to diversify into other fields - maps, online libraries, gmail, etc... so they will stay, but I would go for Ebay. Ebay is trying to do what Walmart did - Expand into China, Japan, Korea, etc... With billions of new customers and no competition the skys the limit. Ebay will be rock solid for 2006.

There you have it. A safe, diversified group of true, proven performers that will guarantee you a great 2006. Also, they are all available through low cost trading companies - I recommend Sharebuilder.com - you can't beat $4 trades and their easy to use site. There is no need for a commissioned investment advisor (all they do is charge you extra money and fees, lie, and they can't possibly even come close to the workhorses I listed above). Do yourself a favor and print this out. If you care about your friends give it to them. Put it in your email lists. If you believe in helping others and making the world a better place then pass it on to everyone you can. These stocks will provide you and everyone else with solid gains for years. And a greater chance at financial freedom and the best thing is it didn't cost you a penny.

Just do me a favor and visit and promote my sites listed below (www.mdwholesale.com and www.bestskinpeel.com).

Here's a Simple Strategy For Making Money on eBay

Many eBay sellers and marketers make out that only a select proportion of the population are able to make any money on eBay because according to them it's very difficult. Of course they tell you this because they don't want you to know the easy methods of squeezing cash from eBay because with this method the more people that are doing it, the less the profits for each.

Today however, in this article, I will reveal the simple strategy to make a killing on eBay in as little time as possible and using the least amount of effort.

Right, we know information products are HUGE sellers on eBay. Thousands of different eBooks are sold everyday in hundreds of different niches. Many people search eBay looking only for information on a certain subject. Why not take advantage of these people?

Millions of people would be prepared to pay for information if they thought it could improve their life. Topics such as weight loss, money making, money saving, being happier, developing confidence, eliminating conditions and diseases could all improve a persons life dramatically.

Choose a topic that could improve a persons life and write a short report that could help them do this. Things like:

How to lose 10 lbs in 10 days


How to make $1000 in 24 hours


How to eliminate anxiety easily

All you would have to do is write a report about 8 pages in length and start selling it on eBay for $5 or more. You can write the report by compiling free information from the internet and completely re-writing it. It would only take about 3 hours to complete the report.

Then you just need to write a sales letter explaining how by reading the report the person could significantly improve their life. Let them imagine the feeling of making $1000, or losing 10 lbs, or being free from anxiety. They'll then crave this feeling and invest in your report.

As long as you provide a quality product and target an audience who are desperate to improve an aspect of their life, then you can make a killing by developing short reports after short reports and selling them on eBay. Once you have one product created and selling, then get another one going. There are an endless amount of products to create. You could have your own library of products selling copies every single day on auto-pilot.

Now get going and start creating your products.

Automate Your Payments For An Easier Life

Did you cognize that if you automate your payments you could be disbursement Lord'S Day nighttimes
at the film with the children rather than sitting at the kitchen tabular array with
your calculator trying to balance your check book? Well, if you didn’t,
the following are three great (free!) ways in which to automate your payments
and do your life so much easier:
The Standing Order
All creditors now allow you to do a monthly standing order payment to refund
their debt. In fact, most creditors prefer this method as they’re fairly
certain they’ll get their money on clip (although it is not a guaranteed word form
of payment – standing orders, like cheques, can “bounce”).
The tops of a standing order repayment strategy are: (i) you cognize the payment
will be made on clip (thereby avoiding any late payment fees); (ii) the monthly
amount is fixed, so its easy to budget for; (iii) after a piece you don’t
notice the money going out of your account, so when you’ve finished repaying
the debt, just transfer the standing order to your nest egg account.
Although payments via standing order doesn’t mean value that you reduce the number
of creditors that you have, your bank should allow you put up as many standing orders
as you desire (provided you have got got the money to pay for them). Doing this volition do
the day-to-day scampering of your account(s) so much easier.
The Direct Debit
The direct debit entry is the payment method of pick for creditors. As with the standing
order, the direct debit entry is an automated payment from your bank account. However,
unlike the standing order, a direct debit entry is not really for a fixed amount each
calendar month (although, in most cases, practically speaking, the amount is fixed at the
same sum). Instead, a direct debt authorization (the mandate you give to your
creditor to take money out of your account) states that the creditor can take as
much as they want. For this reason, you should be careful before giving a creditor
a direct debit entry entry authorization – brand certain both of you (i) cognize the twenty-four hours the money
is going to come up up out of your account; and (ii) as much as possible, cognize the amount
to come out of your account.
Not really ideal for all payments, the direct debit is, however, really utile
for public utilities bills. Just maintain in head that with the standing order you are the
1 sending the money to your creditor, whereas with the direct debit entry your creditor
is asking your bank to pay them (so it’s A small like giving person a clean
cheque!).
Online Banking
Becoming very popular is to open up an account with a bank that allows you make all your
banking and measure payments via the internet. Internet banking is a great manner to
remain ahead of your measure payments and finances without having to go forth the comfortableness
of your home or office. Having said that, make make certain that you check to see if
your bank is going to charge you for processing transactions via the Internet
– as some do – before going ahead and doing it.
And finally…
Arsenic you can see, if you give some idea to automating your finances you could
happen that you have got tons of trim clip to pass doing more than enjoyable things –
like a nighttime out with the family!