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.
Why not? Why can’t the payment processor add VAT, and then just send that payment to the government?
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They totally could by becoming the merchant of record — which is what platforms like Teachable, Gumroad etc. do But there are tradeoffs - you have to be responsible for fraud and chargebacks, have more responsibility for the content sold etc. Which isn’t what Stripe is tryna do
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I don't think Justin is making the point that Stripe should do this - at least from what I'm reading he's saying that this would work if the govt mandated it (I agree with both of you :-) )
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