We expanded Stripe Tax coverage to Japan, helping Japanese businesses deal with the bewildering complexity of jurisdictions in the U.S. and 34 other countries (plus domestic consumption tax, naturally).
https://twitter.com/stripejapan/status/1470619562131423233
This sort of thing makes the world feel a little bit smaller, one step at a time.
As an entrepreneur in Japan, I was always happy that consumption tax was very predictable and that forms for submitting it were not complicated. This is not the case if you do business abroad, too.
As an entrepreneur in Japan, I was always happy that consumption tax was very predictable and that forms for submitting it were not complicated. This is not the case if you do business abroad, too.
This helps businesses feel like selling internationally is a natural linear extension of their domestic business, rather than a confusing tangle of rules suggesting maybe one should just not bother.
There is a lot still to do here. We don’t yet automate the filings and remittance. But that’s almost certainly possible; we just have to do a small mountain of work.
This gets businesses what they want: to fulfill their obligations to society, while wasting as little time on bookkeeping for those obligations as possible. None of us got into business to be revenue collectors; we want to build things that make customers’ lives better.
Win-win.
Win-win.
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