Netsweeper eCommerce VAT Enforcement and Collection
Netsweeper can help you enforce the internet laws in your country. Put a jurisdictional ring around your country’s virtual networks, policy manage, and apply a patented tax enforcement and collection strategy for virtual sales and eCommerce. Governments need to pause from “Casting a Wider Tax Net” and fix the leakage of eCommerce tax collection. Tax is the foundation of a nation, and the “Virtual Risk” is happening now. Contact the Netsweeper team today for a consultation.
The Root of eCommerce Tax Enforcement and Collection is “Self-Assessment”
It is impossible to follow the past tax enforcement guidelines based on “Self-Assessment” in the eCommerce world. Asking companies and people to self-assess their eCommerce liabilities is very challenging.
There is No Enforcement of eCommerce Tax Collection
Governments are struggling with eCommerce enforcement. The internet has caused a lawless situation that is now becoming a Virtual Risk to the revenues much needed by governments.
Virtuality of eCommerce
Today, your domains could be registered anywhere in the world, anonymously. Your servers could be located anywhere in the world or virtually, and products can be manufactured anywhere in the world and someone can purchase it from anywhere in the world. Where do we start to understand who is accountable?
Encryption of eCommerce
Payment Methods and eCommerce Technology
Volume of Online eCommerce websites
There is an estimated 10.55 million eCommerce websites which is expected to double in 3 years. By 2020, total eCommerce revenues are estimated to exceed 4 trillion around the world. Governments cannot keep up with the number of merchants on the internet today or tomorrow.
Governments Want to have the Merchants Remit their VAT
With millions of merchants in every country in the world, and thousands of new online sales websites being added each year, it not possible for governments to manage outside of the jurisdiction of the country. Sheer volumes, jurisdiction, and the WWW cause this to be prohibitive. Why would governments put a minimum on the collection amount? Online sales are made up of billions of small purchases. Putting lower requirements on purchases that should remit VAT will hurt the government.
How do we Disburse the VAT Use Tax? Who Buys and Who Uses the Goods/Services
Who Should Collect the VAT
Enforcement + Define Measure Analysis Improve Control + Collection = The Netsweeper VAT Enforcement and Collection Solution.
Netsweeper has been enforcing the rules and laws on the internet in countries for over 20 years. Our extensive reporting tools, reach, and knowledge of the internet is unique. We now have our Tax Collection Solution rounding out a comprehensive eCommerce VAT Enforcement and Collections Solution for your country.
Leakage – “Stop Casting a Wider Tax Net and stop the Leakage”
If you book a vacation in one country and take this vacation in another where should the use tax be applied? Netsweeper follows the laws however we feel 20% should be the booking country VAT revenues and 80% should be the country that the vacation has been taken in.
Customs and eCommerce is Transitioning the way we Account for everything.
Sign a comprehensive NDA and work with Netsweeper to understand the Netsweeper eCommerce VAT Enforcement and Collection Solution and how we can work together.
There is only one entity that should be collecting VAT and tax. Not Amazon, and not Netsweeper. It should be the government. We want to discuss the possibility of forming a ‘Private Public Partnership’ with Netsweeper where the government owns controlling interest; Netsweeper contributes technology, patents, knowledge, executes, and supports the solution. The government controls and manages the eCommerce VAT Enforcement and Collection solution.