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To: Yogi - Paul who wrote (1481)	3/2/1999 11:30:00 PM
From: Yogi - Paul	Respond to of 2025

Arthur Andersen report on Cybertaxation-- Executive Summary only -- benlore.com Excerpt--Among the most common electronic transactions will be: Electronic transfer of software: More than $40 billion worth of software was sold through retail stores in the U.S. last year. Worldwide, software sales are expected to exceed $150 billion by 2000. The ease and speed of the electronic transfer of software promises to transform the way consumers make purchases. In fact, Microsoft has already announced its decision to ship software via electronic downloading directly to the consumer. Video on demand: Currently the video rental business in the US totals $12 billion in revenue--of which $3 billion is for late fees. In addition, the motion picture business at theaters totals an additional $6.5 billion. Yet clearly, electronic transmission via computers or cable television is a much more efficient distribution channel. Information databases: The sale of legal, medical, scientific, business, and other technical information is a $22 billion industry in the U.S. The availability of sophisticated computer search technologies and daily updating of information makes electronic distribution a particularly attractive alternative to information provided in "tangible" reports. Online stock trading: In 1996, 1.5 million investors traded stocks online. Industry analysts expect the number to increase to 10 million accounts by 2001--with over $500 billion in mutual fund money managed online. Yogi