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Internet telephony--friend or foe? Congress has introduced legislation that would extend preemptions of state and local taxing authority to virtually any regulation of VoIP services, threatening millions of dollars in state and local revenues.(Federal Focus)

Government Finance Review

| October 01, 2004 | Berger, Barrie Tabin | COPYRIGHT 2004 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Just as consumers were learning to navigate the new wireless world, a new technology has emerged that is again transforming the way individuals and businesses exchange information. Voice over Internet Protocol, or VoIP as it is commonly called, transmits telephone calls over a broadband Internet connection instead of a regular telephone line. The technology promises both highly customized telephone service and lower telephone bills. In the words of Federal Communications Chairman Michael Powell, VoIP represents the "most significant paradigm shift in the entire history of modern communications since the invention of the telephone."

VoIP converts the voice signal ...

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Source: HighBeam Research, Internet telephony--friend or foe? Congress has introduced...

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