World of Tax #1 • Only 16% of Forbes Top B2C AI Companies Are Tax Compliant, How Can They Fix it?

August 6, 2024
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Summary

Are Forbes Top AI companies skirting their global tax responsibilities? Join hosts Leo Tucker & Grigory Schichkho in our latest mini-series to learn how to navigate taxes in the hundreds of jurisdictions around the world. In this week's episode, learn about the complexities of charging and remitting sales tax on your digital and SaaS products.

Transcript

Leo Tucker: Hey, everybody. Welcome to the world of tax miniseries where we help you navigate the complex world of tax compliance. I'm joined with my co host here, Gregory Schichkho. Gregory, welcome.

Grigory Schichkho: Hello.

Leo Tucker: So I, came across an interesting post that you made on LinkedIn a while back. I think Forbes put out a list of the top 50 AI companies around the world, and you went and did a deep dive on their tax compliance. Am I getting that right?

Grigory Schichkho: Yeah. Absolutely. So it actually was a quite spontaneous decision, for me just to to analyze what the situation is with, tax compliance for in this very modern, area of artificial intelligence. But, my findings were actually astonishing even to myself.

Leo Tucker: So before we get started, what what made you dig into this article, generally, more specifically, AI startups? What, what made that something interesting worth diving into?

Grigory Schichkho: Well, as you know, AI is new black. Ri...