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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 24 Nov 2016
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    Writing about sales taxes for Internet businesses today. First words "Here. Be. Dragons." Crazy how much uncertainty there is about this.

    8:03 PM - 24 Nov 2016
    • 3 Retweets
    • 29 Likes
    • ダークソール Justin Yost Mike MacCana Vaibhav Mallya RK steveklabnik jordne Jason Danner Christoph Hochstrasser
    7 replies 3 retweets 29 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 24 Nov 2016
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        Replying to @patio11

        Most entrepreneurs of my acquaintance either experience tremendous stress about this or say "Eff it catch me if you can."

        1 reply 0 retweets 2 likes
      3. Patrick McKenzie‏ @patio11 24 Nov 2016
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        Replying to @patio11

        Neither of these is desirable tax policy!

        1 reply 0 retweets 5 likes
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      2. Mike Elliott‏ @elliotecweb 24 Nov 2016
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        Replying to @patio11

        There might've been dragons here 20 years ago but now internet retailers have hella legal precedence http://www.nolo.com/legal-encyclopedia/50-state-guide-internet-sales-tax-laws.html …

        1 reply 0 retweets 1 like
      3. Patrick McKenzie‏ @patio11 24 Nov 2016
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        Replying to @elliotecweb

        There is precedent but it leaves Internet businesses in a nightmare. Rules on e.g. establishing nexuses can be pretty opaque.

        2 replies 0 retweets 1 like
      4. 6 more replies
      1. Patrick McKenzie‏ @patio11 24 Nov 2016
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        Replying to @metaprinter

        Ideally we'd do something like Japan does, which is "We don't care; if they're both domestic, taxed at The One Rate."

        0 replies 0 retweets 2 likes
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      1. Andreas Dewes‏ @ardewes 25 Nov 2016
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        Replying to @patio11

        In the EU they simplified this a few years ago via "reverse charge", before that you had to deal with 29 different VAT laws.

        0 replies 0 retweets 1 like
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      1. Andrew Rowley‏ @AndrewRowley10 24 Nov 2016
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        Replying to @patio11

        Great topic. Tax laws often seem to be set up as an anti-free trade measure, e.g. EU VAT rules on downloadable goods.

        0 replies 0 retweets 0 likes
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      1. Derrick Grigg‏ @derrickgrigg 24 Nov 2016
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        Replying to @patio11

        that's why I'm glad I'm based in 🇨🇦 much easier tax for online stuff. Even better is charging in US$ to pick up on the exchange

        0 replies 0 retweets 0 likes
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      1. Alan Hicks‏ @AlanHicksLondon 24 Nov 2016
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        Replying to @patio11

        Much easier in Europe, clear guidance even if rules are complex. Straightforward cross border trade = profitable.

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      1. Derrick Grigg‏ @derrickgrigg 25 Nov 2016
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        Replying to @jake_grr @patio11

        it's all been research on the CRA website, my accountant and some back and forth with CRA.

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