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.
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(Paddle and Gumroad already do a version of this)
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Asking a small business to collect and remit sales taxes to dozens of different government entities is ridiculous. The result? Tons of non-compliance. It’s just too much work for most companies.
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Small companies don’t have an accounting department. They don’t have a legal department. They don’t have the resources to wade through the regulations and make themselves compliant. 3rd party services that do tax compliance are just a bandaid.
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If I was the EU, I would mandate that
@stripe collect and remit VAT immediately. My guess is 80% of Stripe’s USA customers aren’t collecting and remitting VAT. It will be a huge burden lifted off the shoulders of small businesses.2 odpowiedzi 0 podanych dalej 2 polubionePokaż ten wątek -
Another thing: I’m not against taxation (or privacy laws), but the EU really needs to look at how hard they’re making it for small businesses. The compliance is going to kill EU based startups, because companies in the USA are going to be able to move faster.
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For a perfect illustration of the confusion around VAT for US-based startups, look no further than this Reddit thread. https://www.reddit.com/r/startups/comments/enmh6n/saas_companies_tax_evaders/ …pic.twitter.com/Fl7NEsIDtN
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To me, it feels like we’re duplicating effort where we don’t have to. It doesn’t make sense to have millions of businesses collecting, remitting, and doing the paperwork, when the EU could deal with a small group of entities (Stripe, Paddle, Gumroad).
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W odpowiedzi do @mijustin
Stripe is not the merchant (they are the processor) so it wouldn’t make sense for them to do it Pretty much any company that collects payments on behalf of their customer does do this or some version of It’s been painful — but pretty critical to our value prop at
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Stripe can already split payments.pic.twitter.com/kSGx9HJ0PU
Wydaje się, że ładowanie zajmuje dużo czasu.
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