Taxing the Internet - is that feasible ?

Abstract

Governments across the globe are facing challenging times to generate more revenue because of the economic slowdown and to balance their budgets. There is a growing need to find new ways of revenue generation as spending cuts and austerity measures dont go well with most sections of the society, especially during difficult economic times. Internet Today is seen more as a necessary commodity and nobody can deny the fact that the Internet has improved peoples life in an unprecedented way than any other technology in the past.The Internet as a commodity is taxed in many countries, but the Internet usage or the transactions carried out are something thats not taxed.