Transaction Tax Continues to Get More Complex in 2022

Last year, much like 2020 before it, the transaction tax landscape became more complicated. There are no signs of that trend stopping in 2022. 

This year, corporate tax departments should expect more transaction tax complexity as those taxes are now and will continue to be an increasingly convenient and effective way for state and local tax jurisdictions to raise revenue. 

This all may seem like a lot to take in—and it is. But through thoughtful planning and an automated tax technology solution that keeps track of all these changes and their impacts, businesses can avoid audits, free up their tax teams for more significant tasks, and focus more on the company's future and less on tax compliance.