Quick way for governments around the world to 2x VAT and GST revenues: Instead of asking millions of small businesses to *voluntarily* collect and remit taxes for foreign governments, ask Stripe to do it on their end.
Still feels like a central entity (like Stripe) can do this better with software that automatically determines what the vendor and buyer amounts are and charge accordingly (and then remit that to the government).
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Yup, and as long as things go ok - this would be all pretty efficient. But once things start going wrong (tax audits) we hit the main wall here: the essence of VAT is that it's the entrepreneur who is responsible for VAT settlements. 1/x
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Once you get the "payee" in the picture, it would normally become the payee's responsibility to calculate and remit the tax. Hence, every tax audit would be aimed at Stripe and the rest, and I think that's the last thing they want to get busy with :D 2/2
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Nowa rozmowa -
Wydaje się, że ładowanie zajmuje dużo czasu.
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