Re:Stripe Tax
by TheRealPomax on Thursday June 10, 2021 @11:12AM
(#27461643)
Correct. But that's not what you're paying for of course, you're paying for the fact that you don't need to pay an accountant to double check these numbers: if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe--if you so choose--to take on the legal responsibility of getting it right.
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> if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe to take on the legal responsibility of getting it right.
Where exactly is this stated? As far as I can tell, all this does is say what taxes you should be collecting, and then collect them. It doesn't even handle (at this point) remitting payment to the appropriate jurisdications.
I see no evidence that if your taxes are collected wrong, Stripe will do anything other than say "Your accountant should have caught that, sorry." I see no evidence that by using this product, Stripe will indemnify you against tax issues (which yes, would go a long way to justifying the cost)
Re:Stripe Tax
by giansegato on Thursday June 10, 2021 @11:20AM
(#27461740)
I don't really think you're paying for accountability. That would involve some serious risk taking on Stripe side. I see no mention of this in the marketing material.
Re:Stripe Tax
by giovannibonetti on Thursday June 10, 2021 @11:16AM
(#27461693)
This is specially valuable if you are selling your product across multiple countries, which may have different taxes.