Stripe: Launches tax compliance tool
- Stripe is a technology company that builds economic infrastructure for the internet
- Announced the launch of Tax to help businesses automatically calculate and collect sales tax
- It automates tax calculation and collection for transactions tells businesses where they need to collect taxes
- Tax compliance has become increasingly complex, with digital and physical goods now taxed in over 130 countries
- The tax rate for tickets to the same webinar vary significantly depending on the location of the ticket holder
- Businesses face significant opportunity costs in becoming compliant, but also maintaining a compliant setup globally
