VAT in the Digital Age — Part 2: The Platform Economy and Level Playing Fields
Vertex’s Peter Boerhof analyses ViDA and the platform economy and how it creates an un-level playing field for traditional VAT-registered suppliers.
In this video Paul Richardson from European CEO interviews Rebecca Polley from Vertex as she describes some of the major tax pain points for corporations across Europe and the ways in which Vertex is helping to mitigate them.
Firstly, Rebecca discusses reporting requirements and how some jurisdictions are moving toward transaction level and real-time reporting. Rebecca then moves on to explain some of the tax determination issues that can arise, especially when supply chains run across multiple borders. And finally, tax data management, how do you reliably process trillions of lines of data?
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