effective ai in digital commerce relies on product ...amazon prime day 2018 47,000 orders placed per...
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Product AI
Sanjay ParthasarathyChief Product Officer
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Next Gen Shopping Ad Targeting Dynamic Pricing Automated Product
Description Generation Gray Market & Fraud
Detection Smart Logistics Algorithmic Trading Tax Automation And many more…
Product AI
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Commerce
Y/N on this stock photo?
Commerce
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Globalization
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B2C cross-border ecommerce is expected to surpass $1T by 2020.
SOURCE: ALIBABA.COM
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Consumerization
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Infinite choice. Instant gratification.
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Digitization
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Infinite channels.
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Perfect personalization.
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Automation
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Amazon Prime Day 201847,000 orders placed per minute
Alibaba Singles Day 2016456,000 orders placed per minute
SOURCES: AMAZON, INC. & ALIBABA GROUP
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Artificial Intelligence
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U.S. Patent Number 8,615,473 B2
Method and System for Anticipatory Package ShippingAmazon Technologies, Inc.
SOURCE: UNITED STATES PATENT & TRADEMARK OFFICE
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TaxTax
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19
S T E P S F O R E V E R Y S A L E
Identify Taxability of the Product or Service
Validate Addressand Confirm Location
Apply Sourcing Rules
Consider General or Industry-Specific Taxes
Check Applicability of any Tax Holidays
Check Applicable Tax Rates
Check Exemption Status
Log in Critical Business Systems
Collect Taxes
Every Sale Make Filings, Remit Taxes,
and Keep Records
In real-time
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$221.91In Sales Taxes
$2,399.00× 9.25% tax
7495 Locust St
$113.95In Sales Taxes
$2,399.00× 4.75% tax
7501 Locust St
Commerce City, CO – 80022
12,000 overlapping jurisdictions in the US alone
Source: Google, 2018 DigitalGlobe, US Geological Survey, USDA Farm Service Agency
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AV Equipment Rental
Hospice Care
Milk Handling
Leasehold
Litter
Manufactured/Mobile Home Park Registration
Motor Vehicle Sales/Use
Public Utility
Real Estate
Refuse (Solid Waste)
Regional Transit Authority (RTA)
Rental Car
Solid Fuel Burning Device
Special Hotel/Motel
Spirits Liter Tax
Furniture Rental
Spirits Sales Tax
Syrup
Timber (Forest)
Tire Fee
Tobacco Products
Transient Rental Income (Local Hotel/Motel)
Watercraft (Boats/Vessels)
Tampons
Blueberries (in Maine)
Firearms & Ammunition
Amusement Parks
Hotel Occupancy
New Motor Vehicle
Beverage Alcohol
Gambling
Gift Wrapping
Textbooks
Candy
Digital Books
Streaming EntertainmentAircraft
Cigarette
Convention and Trade Center
Enhanced 911 (telephone)
Enhanced Food Fish
Escheat
Estate
Hazardous Substance
Intermediate Care Facilities (ICF)
Potatoes (also, Maine)
Mahogany Quahog
Hospitals
Authorized Combat Sports
Medical Marijuana
Metropolitan CommuterTransportation Mobility
Taxi
Wireless Communications
Stock Transfer
Batteries
Natural Gas Use
Oil Spill
Petroleum Products
Pari-mutuel and Racing Admissions (AKA Horse Race Gambling)
Dry Cleaning
Electricity Distribution
Short Term Automobile Renting
Soft Drinks
Live Adult Entertainment
Prepaid Wireless
Sales and Use
Highway Use Tax
Installation or Repair ofTelecommunications Equipment
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Surprising Complexity
22
T A X C A L C U L A T I O N
Tax-Exemptin New York City
Taxablein New York City
But unprepared, to go?
Sliced, toasted, and with a schmear?
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New Tax Policies
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W H AT I S I T ?
ECONOMIC NEXUS
Economic nexus is a tax collection obligation imposed on sellers based on their level of economic activity within a state.
Unlike physical presence, it is based entirely on sales revenue, transaction volume, or both.
Like most sales tax laws, economic nexus criteria vary by state. All aim to level the playing field between non-collecting out-of-state sellers and brick-and-mortar businesses.
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In October 2017, only 8 states had economic nexus
laws in place.
In June 2019, 39 states +
Washington D.C.
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Government in the Middle
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Making Tax Digital is expected to generate £2B additional in tax revenue per year
SOURCE: THE TELEGRAPH, APRIL 2017TAX TRENDS – GOVERNMENT IN THE MIDDLE
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Tax + Commerce
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Product AI
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