วันพฤหัสบดีที่ 18 พฤศจิกายน พ.ศ. 2553

Regulated Income Online

Are there instances where it is necessary to regulate the generation of income online? The short answer is in the positive column. Income generation online might benefit from some form of regulation. The touchy point is in regards to the entity that is responsible for implementing the regulation. Clearly it is not desirable that the government authorities are involved in private enterprise. The industry has largely operated on an independent basis and it is desirable that such an arrangement should be allowed to prosper under the various agreements that the protagonists have. The entrance of the state will not be conducive for supporting the entrepreneurial spirit.

If there is no external intervention then the onus is on the relevant parties to make efforts to regulate their business units. In other words the onus is on the entrepreneurs to clean up their industry. This is easier said than done. Cleaning up the industry involves giving up some of the ancient privileges that the merchants are used to. One of the areas where self regulation is difficult is in the area of taxation. People are always looking for ways to reduce their tax bill. In the instances where the government is in control of the industry, this is a mere formality.

The independence of the online industry has meant that the government has to put a renewed focus on the revenue generating activities within the industry. Proper collection requires that the state is involved in all aspects of assessing the revenue potential for the industry. The generation of revenue is just one element of the different concerns that the state may have. In China there are certain products that are not part of the public discourse. For example dissident statements on a blog could cause it to be shut down. These are considerations which the merchant has to think about.

The level of regulation on the internet is very liberal by many standards. The standards set by the state are simply there to ensure that only the most egregious abuses of the system are placed within the courts. Everyone else is free to make the best use of the internet as they see fit. This is what makes the commercial elements very successful. It is also the foundation of many schemes that are geared towards helping people to improve their experiences of the internet. That is the nature of the business and the participants within that business.

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