Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Space taxonomy: Need for a progressive tax regime Subject The topic of the resource Commercialization; Space economy; Tax treatment Description An account of the resource Konstantin Tsiolkovsky famously stated that while the Earth serves as the birthplace of humanity, it is not a place where mankind can indefinitely remain. Perhaps during that period, the prospect of exploring the mysteries of outer space appeared to be an unattainable aspiration. However, in the present day, there are no longer any limitations, not even the sky, since human ingenuity has facilitated access to outer space for humanity. This access is not just for the purposes of research and exploration but also for economic endeavours. Until now, the commercial utilisation of outer space has advanced at a very sluggish rate. However, firms including SpaceX, Orion Span, Virgin Galactic, and Blue Origin have achieved significant advancements in the growth of the space industry. The revenue generated by various space-related endeavours has experienced a significant 73% increase over the last ten years. The global space economy, estimated to be valued at USD one trillion in the coming years, is primarily driven by commercial activities. This presents a formidable challenge to the existing national and international taxation systems. Similar to the open seas, space is also considered res communis omnium, meaning it belongs to the entire community, and presents comparable taxing challenges with potentially uncertain solutions. The three fundamental elements of every taxation regulation, such as the Organisation for Economic Co-operation and Development or the United Nations Model Double Taxation Convention, are the taxpayer's place of residence, the origin of their income, and the methods by which they generate their money. The current tax system does not have the necessary concepts and provisions to adapt to the rapid advancements in commercial space technology. This paper examines the legal issues surrounding commercial activities conducted in space, including the nature and handling of the income generated in various legal systems. It also addresses concerns such as tax avoidance and excessive taxation, emphasising the necessity for a globally coordinated approach to effectively tax commercial activities in space. 2024 Creator An entity primarily responsible for making the resource Bhatnagar K.; Dey A. Source A related resource from which the described resource is derived Acta Astronautica, Vol-219, pp. 710-713. Publisher An entity responsible for making the resource available Elsevier Ltd Date A point or period of time associated with an event in the lifecycle of the resource 2024-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1016/j.actaastro.2024.03.065" target="_blank" rel="noreferrer noopener">https://doi.org/10.1016/j.actaastro.2024.03.065</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85189760858&amp;doi=10.1016%2Fj.actaastro.2024.03.065&amp;partnerID=40&amp;md5=05b43f097e5af5bced87f7c75389f028" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85189760858&amp;doi=10.1016%2fj.actaastro.2024.03.065&amp;partnerID=40&amp;md5=05b43f097e5af5bced87f7c75389f028</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 945765; CODEN: AASTC Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Bhatnagar K., School of Law, Christ University, Bangalore Campus, Karnataka, 560 029, India; Dey A., School of Law, Christ University, Bangalore Campus, Karnataka, 560 029, India