Impact of U.S. online sales regulations on businesses' tech investment 2023

Published by Daniela Coppola, May 3, 2024
In the United States, tax compliance has become more complex for online sellers since 2018. Tax registrations requirements change a lot from state to state, leading to investment in technology, tax compliance, and automation software. According to a 2023 survey, roughly 70 percent of U.S. businesses planned such investments, and 75 percent of UK businesses were willing to do the same.

Share of UK and U.S. businesses investing in tax technology to help with the management of online sales tax requirements in 2023

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Release date

June 2023

Region

United Kingdom, United States

Survey time period

May 12 to 22, 2023

Number of respondents

1,000 respondents

Special properties

decision-makers from UK and U.S. businesses

Supplementary notes

Online sales regulations introduced in 2018 derived from the decision of U.S. Supreme Court 'South Dakota v. Wayfair'

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Topics

Tax management in e-commerceGovernment tax revenue in the U.S.Software as a Service (SaaS)Taxation in the UKTaxation in Europe
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