Information networks allow for electronic distribution and production at the point of use. That is going to reduce retail distribution. Long-term, the potential of information networks will be to reduce the provision of physical goods and services … Most European countries have huge budget deficits and aging populations. Governments need to continue to raise revenues. It’s inconceivable it [the information network] will remain immune from providing a tax base.
Predictor: Taylor, John
Prediction, in context:In a 1995 article for Electronic Engineering Times, Peter Clarke reports on the remarks made by John Taylor, director of Hewlett-Packard European research and development arm, at a Brussels, Belgium, exhibition held in conjunction with a Group of Seven ministerial conference. Clarke writes: ”‘Information networks allow for electronic distribution and production at the point of use. That is going to reduce retail distribution. Long-term, the potential of information networks will be to reduce the provision of physical goods and services,’ he said. That, in turn, will reduce the base for value-added or sales taxes. ‘Most European countries have huge budget deficits and aging populations. Governments need to continue to raise revenues. It’s inconceivable it [the information network] will remain immune from providing a tax base.'”
Date of prediction: January 1, 1995
Topic of prediction: Economic structures
Subtopic: Tax Issues
Name of publication: Electronic Engineering Times
Title, headline, chapter name: Transaction Taxes Seen for Info Superhighway: HP Laboratories’ Europe Research Director Sees Focus on Economic Issues
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web7.infotrac.galegroup.com/itw/infomark/852/216/33661254w7/purl=rc1_EAIM_0_A16864068&dyn=5!xrn_1_0_A16864068?sw_aep=ncliveec
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney