Tax Policies Affecting the Internet Have Significant Ramifications For the Proceeded With Growth of Online Business and Trade, Just As the Future of Both Corporate and Individual Privacy. This Paper Investigates a Portion of the Issues Concerning Both Domestic and International Internet Taxation, Surveys the Present Internet Tax Freedom Act, Breaks Down Web Based Business and Its Effects on Taxing Systems All Through the World, and Gives Contentions to and Against Web Based Business Taxation and Regulation.