The radical transformation of ecommerce is making tax compliance more complex than ever. In the United States, ecommerce sales rose by 9.2% in the second quarter of 2021. That’s after huge spikes of more than 30% growth per quarter from Q2 2020 to Q1 2021 during the height of COVID-19 lockdowns.
This is only the beginning.
In the coming months and years, changing consumer habits resulting from the pandemic and ongoing digitization of retail will continue driving expansion of online sales and digital marketplaces. At the same time, new legislation will accelerate the adoption of new business models and force companies to reimagine supply chains to reduce tax risk.
In this e-book, we’ll explain:
- The macroeconomic trends driving change;
- Why these paradigm shifts will bring new tax complexities; and
- How businesses can manage indirect tax compliance and use it as a competitive advantage.