Machine Learning for a Less Taxing Checkout

Today, there are a lot of possibilities for friction in tax calculation because you can buy anything, anywhere—via mobile app, brick-and-mortar, third-party marketplace, etc. as well as through a combination of these channels within the same transaction.

To calculate tax, retailers can’t simply just multiply a percentage rate on the price. Tax rates depend on various factors such as what type of product it is, where the product is being bought, where it’s getting shipped, who are all the parties involved in the transaction, and more. Adding to this complexity are the waves of recently passed laws that have a significant impact on the way retailers operate. 

This eBook walks retailers through how tax calculation can significantly contribute to online friction and how machine learning-powered tax services can help retailers navigate tax calculation for an assortment of ecommerce products.